ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 2,194.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,156 shares of the company's stock after purchasing an additional 854,227 shares during the period. Bank of Nova Scotia owned approximately 0.26% of ZoomInfo Technologies worth $9,387,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ZI. Fifth Third Bancorp increased its position in ZoomInfo Technologies by 47.8% in the 4th 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 period. GAMMA Investing LLC raised its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ZoomInfo Technologies by 343.1% in the 4th 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. grew its holdings in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after buying an additional 5,468 shares during the period. Finally, American Trust bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $104,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Down 0.2 %

Shares of ZI stock traded down $0.02 on Wednesday, hitting $8.06. The stock had a trading volume of 1,572,196 shares, compared to its average volume of 7,257,522. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 268.76, a P/E/G ratio of 13.05 and a beta of 1.00. The stock's 50 day moving average is $10.07 and its 200-day moving average is $10.37. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $309.10 million for 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%. As a group, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of recent analyst reports. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating 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 research note on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.74.

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.