Cramer Rosenthal Mcglynn LLC Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,828,384 shares of the company's stock, valued at approximately $19,216,000. Cramer Rosenthal Mcglynn LLC owned about 0.53% of ZoomInfo Technologies at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its position 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 valued at $45,949,000 after buying an additional 1,806,461 shares during the last quarter. Norges Bank bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $17,042,000. JPMorgan Chase & Co. boosted its position in shares of ZoomInfo Technologies by 35.4% during 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. Retirement Systems of Alabama grew its holdings in ZoomInfo Technologies by 304.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after buying an additional 1,067,299 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in ZoomInfo Technologies by 2,194.3% during the 4th quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock valued at $9,387,000 after acquiring an additional 854,227 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Morgan Stanley lowered their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Scotiabank upped their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.16.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded up $0.27 during midday trading on Tuesday, hitting $7.94. The company's stock had a trading volume of 6,324,998 shares, compared to its average volume of 7,140,158. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50 day simple moving average is $9.89 and its 200 day simple moving average is $10.32. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 264.75, a PEG ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced 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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

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.