Connor Clark & Lunn Investment Management Ltd. Invests $1.78 Million in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 169,676 shares of the company's stock, valued at approximately $1,783,000.

Several other institutional investors also recently bought and sold shares of ZI. FMR LLC lifted its position in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. lifted its position in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. State Street Corp lifted its position in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after purchasing an additional 165,440 shares during the last quarter. Maverick Capital Ltd. bought a new position in ZoomInfo Technologies during the third quarter valued at $44,248,000. Finally, Primecap Management Co. CA lifted its position in ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Up 1.6 %

NASDAQ ZI traded up $0.17 during trading on Friday, reaching $10.89. 14,175,913 shares of the company's stock traded hands, compared to its average volume of 7,021,405. 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 firm has a market cap of $3.73 billion, a price-to-earnings ratio of 363.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company's 50 day simple moving average is $10.49 and its two-hundred day simple moving average is $10.52. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $16.98.

Remove Ads

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted 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). The business had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZI shares. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Morgan Stanley raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Barclays raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.92.

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.