Bank of New York Mellon Corp Purchases 153,332 Shares of ZoomInfo Technologies Inc. $ZI

Bank of New York Mellon Corp raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 7.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,320,334 shares of the company’s stock after acquiring an additional 153,332 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of ZoomInfo Technologies worth $23,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp increased its position in shares of ZoomInfo Technologies by 15.8% during the 1st quarter. M&T Bank Corp now owns 23,399 shares of the company’s stock valued at $234,000 after purchasing an additional 3,193 shares during the last quarter. Cerity Partners LLC increased its holdings in ZoomInfo Technologies by 96.5% during the first quarter. Cerity Partners LLC now owns 233,810 shares of the company’s stock valued at $2,338,000 after buying an additional 114,823 shares during the last quarter. CWM LLC raised its position in ZoomInfo Technologies by 4,236.4% in the first quarter. CWM LLC now owns 148,869 shares of the company’s stock worth $1,489,000 after acquiring an additional 145,436 shares during the period. Victory Capital Management Inc. raised its position in ZoomInfo Technologies by 13.1% in the first quarter. Victory Capital Management Inc. now owns 184,736 shares of the company’s stock worth $1,847,000 after acquiring an additional 21,468 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of ZoomInfo Technologies by 4.8% during the 1st quarter. Allianz Asset Management GmbH now owns 237,869 shares of the company’s stock worth $2,379,000 after acquiring an additional 10,990 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 0.2%

Shares of ZI stock opened at $10.20 on Friday. 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 fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $10.39. The firm has a market capitalization of $3.49 billion, a PE ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. KeyCorp restated an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average target price of $11.31.

ZoomInfo Technologies 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.