ZoomInfo Technologies Inc. $ZI Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 549,600 shares of the company’s stock after purchasing an additional 50,700 shares during the period. Swiss National Bank owned approximately 0.16% of ZoomInfo Technologies worth $5,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of ZoomInfo Technologies during the 1st quarter worth about $51,933,000. Charles Schwab Investment Management Inc. lifted its position in ZoomInfo Technologies by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,299,481 shares of the company’s stock worth $22,995,000 after purchasing an additional 86,382 shares during the period. Comerica Bank boosted its stake in ZoomInfo Technologies by 122.3% during the 1st quarter. Comerica Bank now owns 176,476 shares of the company’s stock valued at $1,765,000 after purchasing an additional 97,100 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter valued at $1,506,000. Finally, Versor Investments LP increased its position in shares of ZoomInfo Technologies by 677.3% during the 1st quarter. Versor Investments LP now owns 104,159 shares of the company’s stock valued at $1,042,000 after purchasing an additional 90,759 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZI shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 target price 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 report on Tuesday, November 4th. KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.31.

ZoomInfo Technologies Stock Up 2.6%

ZI stock opened at $9.92 on Tuesday. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.40 billion, a P/E ratio of 330.78, a P/E/G ratio of 13.05 and a beta of 1.02.

About ZoomInfo Technologies

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.