ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 164.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,742 shares of the company’s stock after purchasing an additional 7,928 shares during the quarter. US Bancorp DE’s holdings in ZoomInfo Technologies were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $31,000. J.Safra Asset Management Corp raised its position in shares of ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies during the 3rd quarter valued at $37,000. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Down 3.3 %

Shares of ZoomInfo Technologies stock opened at $10.23 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 340.67, a PEG ratio of 6.44 and a beta of 1.03. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $10.51 and its 200-day simple moving average is $11.36.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZI. Deutsche Bank Aktiengesellschaft cut their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. KeyCorp lowered shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.84.

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.