ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 70.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,371,901 shares of the company's stock after acquiring an additional 1,806,461 shares during the quarter. Primecap Management Co. CA owned about 1.27% of ZoomInfo Technologies worth $45,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after acquiring an additional 1,241 shares during the period. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC lifted its position in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after acquiring an additional 4,735 shares during the period. 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 buying an additional 5,468 shares during the period. Finally, KBC Group NV lifted its holdings in shares of ZoomInfo Technologies by 39.0% in 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 during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley raised 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. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Barclays raised 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. Finally, Scotiabank raised 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 given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies Trading Up 1.6 %

Shares of ZI stock traded up $0.17 during mid-day trading on Friday, hitting $10.89. 14,175,913 shares of the company's stock were exchanged, compared to its average volume of 7,021,405. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $16.98. The stock has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $10.52. 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 stock has a market cap of $3.73 billion, a price-to-earnings ratio of 363.12, a PEG ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted 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 business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. Equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal 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.