Aster Capital Management DIFC Ltd Grows Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Aster Capital Management DIFC Ltd lifted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,396.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,887 shares of the company's stock after acquiring an additional 45,620 shares during the period. Aster Capital Management DIFC Ltd's holdings in ZoomInfo Technologies were worth $514,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after purchasing an additional 165,440 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares during the period. Primecap Management Co. CA lifted its stake in shares of ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after acquiring an additional 1,806,461 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in ZoomInfo Technologies by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company's stock valued at $23,260,000 after acquiring an additional 19,083 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $17,042,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock traded up $0.09 on Friday, reaching $7.93. The company's stock had a trading volume of 5,897,558 shares, compared to its average volume of 7,276,543. The company has a market capitalization of $2.71 billion, a P/E ratio of 264.42, a PEG ratio of 13.05 and a beta of 1.00. The stock has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.40. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $16.98.

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

Analyst Upgrades and Downgrades

ZI has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Barclays lifted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.