KLP Kapitalforvaltning AS Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

KLP Kapitalforvaltning AS bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 53,400 shares of the company's stock, valued at approximately $561,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp grew its holdings 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 valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after acquiring an additional 5,468 shares during the last quarter. Finally, American Trust purchased a new position in ZoomInfo Technologies in the third quarter worth about $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock traded up $0.23 during trading hours on Monday, hitting $7.76. The company's stock had a trading volume of 9,634,929 shares, compared to its average volume of 7,202,186. The company has a 50 day moving average of $10.45 and a 200 day moving average of $10.50. The stock has a market cap of $2.66 billion, a PE ratio of 258.75, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.02 and a 12-month high of $16.98.

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ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. On average, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley lifted 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. Stifel Nicolaus increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. KeyCorp cut ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Canaccord Genuity Group increased their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Barclays lifted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.