Cynosure Group LLC Raises Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cynosure Group LLC boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 237.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,843 shares of the company's stock after acquiring an additional 197,740 shares during the quarter. Cynosure Group LLC owned about 0.08% of ZoomInfo Technologies worth $2,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in ZoomInfo Technologies in the 4th quarter worth about $2,320,000. SBI Securities Co. Ltd. bought a new position in ZoomInfo Technologies during the 4th quarter valued at $280,000. State Street Corp increased its holdings in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $895,000. Finally, KBC Group NV raised its holdings in shares of ZoomInfo Technologies by 2,644.4% during the fourth quarter. KBC Group NV now owns 257,781 shares of the company's stock worth $2,709,000 after purchasing an additional 248,388 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective 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. Scotiabank raised their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Canaccord Genuity Group upped their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. KeyCorp cut shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Finally, Barclays upped 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. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.92.

Remove Ads

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded up $0.16 during trading hours on Monday, reaching $7.69. 3,795,293 shares of the stock traded hands, compared to its average volume of 7,179,515. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2.63 billion, a P/E ratio of 255.92, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company's 50-day simple moving average is $10.50 and its two-hundred day simple moving average is $10.52. ZoomInfo Technologies Inc. has a 52-week low of $7.02 and a 52-week high of $16.98.

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 the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.