Oppenheimer Asset Management Inc. Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Oppenheimer Asset Management Inc. acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,205 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its position 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 worth $40,000 after purchasing an additional 1,241 shares during 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. KBC Group NV raised its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock valued at $97,000 after buying an additional 2,635 shares in the last quarter. Finally, American Trust purchased a new position in ZoomInfo Technologies in the third quarter worth $104,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZI. KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. 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. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and increased their target price for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Finally, Mizuho boosted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average target price of $11.92.

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ZoomInfo Technologies Stock Performance

ZI traded down $0.35 during midday trading on Monday, hitting $11.16. 7,554,028 shares of the company traded hands, compared to its average volume of 7,562,733. The company's 50-day moving average is $10.38 and its 200 day moving average is $10.46. 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 firm has a market capitalization of $3.83 billion, a PE ratio of 372.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $17.01.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

ZoomInfo Technologies Company 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.