True Wealth Design LLC Raises Stock Position in ZoomInfo Technologies Inc. $ZI

True Wealth Design LLC raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1,202.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,903 shares of the company’s stock after buying an additional 6,373 shares during the period. True Wealth Design LLC’s holdings in ZoomInfo Technologies were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZI. Parallel Advisors LLC raised its position in shares of ZoomInfo Technologies by 143.6% in the second quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock worth $32,000 after acquiring an additional 1,886 shares during the period. Brooklyn Investment Group boosted its position in ZoomInfo Technologies by 180.5% during the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock worth $51,000 after purchasing an additional 3,306 shares in the last quarter. US Bancorp DE grew its holdings in ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company’s stock valued at $85,000 after purchasing an additional 2,092 shares during the period. AlphaQuest LLC increased its position in shares of ZoomInfo Technologies by 139.6% in the first quarter. AlphaQuest LLC now owns 10,213 shares of the company’s stock valued at $102,000 after buying an additional 5,951 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth approximately $103,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 4.6%

Shares of ZoomInfo Technologies stock opened at $10.70 on Friday. 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 stock’s 50 day simple moving average is $10.99 and its 200-day simple moving average is $10.31. The stock has a market cap of $3.66 billion, a P/E ratio of 356.79, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39.

Wall Street Analyst Weigh In

ZI has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday. Finally, KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a report on Tuesday. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.