BIT Capital GmbH raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 51.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 585,171 shares of the company's stock after purchasing an additional 199,955 shares during the period. BIT Capital GmbH owned 0.17% of ZoomInfo Technologies worth $6,150,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after buying an additional 1,160 shares during the last quarter. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after acquiring an additional 1,226 shares during the last quarter. Fifth Third Bancorp increased its stake 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 acquiring an additional 1,241 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of ZoomInfo Technologies by 22.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after purchasing an additional 2,456 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of ZoomInfo Technologies by 30.2% during the third quarter. M&T Bank Corp now owns 16,152 shares of the company's stock worth $167,000 after purchasing an additional 3,746 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Wall Street Analysts Forecast Growth
ZI has been the topic of several analyst reports. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Morgan Stanley lifted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their target price 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. Finally, Barclays lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.92.
Check Out Our Latest Research Report on ZoomInfo Technologies
ZoomInfo Technologies Price Performance
ZI traded down $0.10 during midday trading on Monday, reaching $9.96. 2,625,224 shares of the company's stock were exchanged, compared to its average volume of 7,113,282. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $16.98. The stock has a market capitalization of $3.41 billion, a PE ratio of 331.98, a P/E/G 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. The business's 50-day moving average price is $10.58 and its 200 day moving average price is $10.57.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data 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). The company 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, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
About ZoomInfo Technologies
(
Free Report)
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.
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