Grantham Mayo Van Otterloo & Co. LLC Purchases New Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,115 shares of the company's stock, valued at approximately $390,000.

Several other hedge funds have also recently modified their holdings of ZI. Primecap Management Co. CA boosted its holdings in ZoomInfo Technologies by 70.4% in the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after buying an additional 1,806,461 shares during the last quarter. Norges Bank purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $17,042,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 1,591,960 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of ZoomInfo Technologies by 304.5% in the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after acquiring an additional 1,067,299 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in ZoomInfo Technologies during the 4th quarter worth $8,729,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 2.4 %

Shares of ZI stock traded up $0.19 during trading hours on Monday, reaching $8.12. The company had a trading volume of 876,184 shares, compared to its average volume of 7,257,009. The company has a market capitalization of $2.78 billion, a P/E ratio of 270.76, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. 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 Inc. has a twelve month low of $7.01 and a twelve month high of $16.98. The stock's fifty day simple moving average is $10.16 and its 200 day simple moving average is $10.40.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $297.64 million. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ZI. Stifel Nicolaus increased their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Scotiabank boosted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Barclays upped their price target on shares of 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, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.