Ceera Investments LLC Purchases New Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Ceera Investments LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,860 shares of the company's stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after buying an additional 2,456 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $164,000. Raymond James Financial Inc. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $8,729,000. M&T Bank Corp lifted its position in shares of ZoomInfo Technologies by 25.1% during the fourth quarter. M&T Bank Corp now owns 20,206 shares of the company's stock worth $212,000 after purchasing an additional 4,054 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ZoomInfo Technologies by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company's stock worth $23,260,000 after purchasing an additional 19,083 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 4.0 %

Shares of ZoomInfo Technologies stock traded down $0.44 during trading hours on Thursday, hitting $10.50. The company's stock had a trading volume of 6,296,981 shares, compared to its average volume of 7,003,446. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $16.98. The stock has a 50 day moving average of $10.41 and a 200 day moving average of $10.48. The company has a market capitalization of $3.61 billion, a PE ratio of 350.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ZI shares. Wells Fargo & Company upped their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Scotiabank upped their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Finally, Mizuho raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.92.

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.