Legal & General Group Plc lessened its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 12.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,633 shares of the company's stock after selling 57,807 shares during the period. Legal & General Group Plc owned 0.12% of ZoomInfo Technologies worth $4,442,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, American Trust bought a new stake in ZoomInfo Technologies during the third quarter worth approximately $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.
ZoomInfo Technologies Stock Down 4.2 %
Shares of ZoomInfo Technologies stock opened at $7.67 on Tuesday. The stock has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $10.32. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $16.98. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 255.75, a P/E/G ratio of 13.05 and a beta of 1.00. 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 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. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ZI. 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. Wells Fargo & Company upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Mizuho cut their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.37.
View Our Latest Stock Report on ZI
ZoomInfo Technologies Company Profile
(
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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