Raymond James Financial Inc. Buys New Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Raymond James Financial Inc. purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 830,558 shares of the company's stock, valued at approximately $8,729,000. Raymond James Financial Inc. owned approximately 0.24% of ZoomInfo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after buying an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew its stake in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after purchasing an additional 5,468 shares during the period. Finally, KBC Group NV boosted its position in ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company's stock valued at $97,000 after buying an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

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ZoomInfo Technologies Trading Up 0.5 %

Shares of ZI traded up $0.05 during midday trading on Tuesday, reaching $11.12. The company had a trading volume of 5,603,025 shares, compared to its average volume of 7,024,618. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $10.52 and a 200-day simple moving average of $10.54. The stock has a market cap of $3.81 billion, a PE ratio of 370.79, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. Research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Scotiabank raised their price target 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 lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Barclays raised their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $11.92.

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.