Villanova Investment Management Co LLC Makes New $1.52 Million Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Villanova Investment Management Co LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 144,330 shares of the company's stock, valued at approximately $1,517,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in ZoomInfo Technologies by 45.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 485,910 shares of the company's stock valued at $4,670,000 after buying an additional 152,978 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $279,000. Norges Bank bought a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $17,042,000. BIT Capital GmbH lifted its holdings in ZoomInfo Technologies by 51.9% in the 4th quarter. BIT Capital GmbH now owns 585,171 shares of the company's stock worth $6,150,000 after purchasing an additional 199,955 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded down $1.02 during midday trading on Thursday, reaching $8.79. 7,106,219 shares of the company traded hands, compared to its average volume of 7,190,621. The stock's 50-day simple moving average is $10.57 and its 200-day simple moving average is $10.55. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $16.98. The firm has a market cap of $3.01 billion, a PE ratio of 293.10, a PEG ratio of 13.05 and a beta of 0.97.

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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). The firm had revenue of $309.10 million for 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%. As a group, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZI. Morgan Stanley boosted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Scotiabank boosted their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Finally, Citigroup raised their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Five 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 stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus 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.