JPMorgan Chase & Co. Has $74.67 Million Stock Position in ZoomInfo Technologies Inc. $ZI

JPMorgan Chase & Co. lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,844,151 shares of the company’s stock after selling 145,639 shares during the quarter. JPMorgan Chase & Co. owned about 2.00% of ZoomInfo Technologies worth $74,670,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ZI. Baird Financial Group Inc. raised its stake in ZoomInfo Technologies by 32.7% during the 1st quarter. Baird Financial Group Inc. now owns 25,286 shares of the company’s stock worth $253,000 after buying an additional 6,235 shares during the period. Royal Bank of Canada grew its stake in ZoomInfo Technologies by 3,837.2% in the first quarter. Royal Bank of Canada now owns 290,131 shares of the company’s stock valued at $2,902,000 after acquiring an additional 282,762 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $111,000. Goldman Sachs Group Inc. increased its holdings in shares of ZoomInfo Technologies by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 607,625 shares of the company’s stock valued at $6,076,000 after acquiring an additional 64,109 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of ZoomInfo Technologies during the first quarter worth approximately $187,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.38.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $5.86 on Thursday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 195.40, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm’s 50-day simple moving average is $7.49 and its 200 day simple moving average is $9.46.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.