Invesco Ltd. Buys 238,704 Shares of ZoomInfo Technologies Inc. $ZI

Invesco Ltd. boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 41.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 811,571 shares of the company’s stock after purchasing an additional 238,704 shares during the quarter. Invesco Ltd. owned about 0.24% of ZoomInfo Technologies worth $8,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. purchased a new stake in ZoomInfo Technologies during the 4th quarter valued at about $116,622,000. Deutsche Bank AG grew its position in ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Primecap Management Co. CA grew its position in ZoomInfo Technologies by 7.3% during the 1st quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company’s stock valued at $46,899,000 after purchasing an additional 318,005 shares during the last quarter. Finally, RPD Fund Management LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter valued at about $43,264,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

ZI opened at $10.75 on Tuesday. The company’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $9.92. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.68 billion, a P/E ratio of 358.45, a P/E/G ratio of 13.05 and a beta of 1.02.

Wall Street Analysts Forecast Growth

ZI has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Barclays increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Finally, Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and an average price target of $11.18.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.