Renaissance Technologies LLC Buys New Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Renaissance Technologies LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 283,485 shares of the company's stock, valued at approximately $2,979,000. Renaissance Technologies LLC owned 0.08% of ZoomInfo Technologies at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank of Nova Scotia lifted its stake in ZoomInfo Technologies by 2,194.3% during the 4th quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock valued at $9,387,000 after acquiring an additional 854,227 shares during the period. Invesco Ltd. grew its stake in shares of ZoomInfo Technologies by 3.2% in the 4th quarter. Invesco Ltd. now owns 572,867 shares of the company's stock valued at $6,021,000 after buying an additional 17,608 shares during the period. Bank of Montreal Can lifted its position in ZoomInfo Technologies by 23.1% in the fourth quarter. Bank of Montreal Can now owns 35,009 shares of the company's stock valued at $368,000 after buying an additional 6,580 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in ZoomInfo Technologies by 1,396.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 48,887 shares of the company's stock valued at $514,000 after acquiring an additional 45,620 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in ZoomInfo Technologies in the fourth quarter valued at $390,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

ZI traded down $0.15 on Monday, hitting $8.65. The company's stock had a trading volume of 3,008,201 shares, compared to its average volume of 7,360,167. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The firm has a market cap of $2.96 billion, a P/E ratio of 288.26, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company's 50 day simple moving average is $9.74 and its 200-day simple moving average is $10.28.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results 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 company had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. Analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price 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. Wells Fargo & Company cut their price target on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank raised their price objective 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. Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Morgan Stanley cut their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Five equities 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. According to MarketBeat, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average price target of $11.00.

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.