SBI Securities Co. Ltd. purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 26,611 shares of the company's stock, valued at approximately $280,000.
A number of other hedge funds have also modified their holdings of ZI. SRS Capital Advisors Inc. increased its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after purchasing an additional 5,468 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $296,000. Impax Asset Management Group plc bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $677,000. Handelsbanken Fonder AB increased its stake in ZoomInfo Technologies by 27.7% during the 4th quarter. Handelsbanken Fonder AB now owns 69,600 shares of the company's stock worth $731,000 after purchasing an additional 15,100 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $2,320,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
ZoomInfo Technologies Stock Performance
ZoomInfo Technologies stock traded up $0.11 during mid-day trading on Friday, hitting $11.51. 6,752,320 shares of the company's stock traded hands, compared to its average volume of 7,019,259. The firm has a 50 day simple moving average of $10.38 and a two-hundred day simple moving average of $10.45. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $17.01. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 383.79, a P/E/G ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly 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 net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ZI has been the subject of a number of research reports. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Scotiabank increased 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. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.92.
View Our Latest Stock Analysis on ZoomInfo Technologies
About ZoomInfo Technologies
(
Free Report)
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.
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