Sei Investments Co. Has $1.91 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Sei Investments Co. increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 419.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,692 shares of the company's stock after acquiring an additional 146,681 shares during the quarter. Sei Investments Co. owned approximately 0.05% of ZoomInfo Technologies worth $1,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at $125,000. Kazazian Asset Management LLC bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $2,572,000. Xponance Inc. lifted its position in shares of ZoomInfo Technologies by 3.5% during the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after purchasing an additional 1,226 shares during the last quarter. Primecap Management Co. CA grew its stake in ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after purchasing an additional 1,806,461 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in ZoomInfo Technologies in the fourth quarter valued at about $107,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded down $0.72 during trading hours on Thursday, reaching $7.84. 7,088,549 shares of the company's stock were exchanged, compared to its average volume of 7,276,456. The company has a market capitalization of $2.68 billion, a P/E ratio of 261.42, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. 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 business's 50-day simple moving average is $10.21 and its two-hundred day simple moving average is $10.42. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZI shares. Canaccord Genuity Group lifted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Piper Sandler upgraded 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 report on Wednesday, February 26th. Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Citigroup increased their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.