ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,089,358 shares of the company's stock after acquiring an additional 1,591,960 shares during the period. JPMorgan Chase & Co. owned 1.77% of ZoomInfo Technologies worth $63,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA raised its position in ZoomInfo Technologies by 70.4% in the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock valued at $45,949,000 after purchasing an additional 1,806,461 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of ZoomInfo Technologies by 304.5% during the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after buying an additional 1,067,299 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $8,729,000. Hotchkis & Wiley Capital Management LLC acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $6,293,000. Finally, KBC Group NV raised its stake in ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company's stock valued at $2,709,000 after acquiring an additional 248,388 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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ZoomInfo Technologies Trading Up 3.1 %

Shares of NASDAQ ZI traded up $0.23 during midday trading on Monday, reaching $7.76. 9,634,854 shares of the stock were exchanged, compared to its average volume of 7,202,185. The stock has a 50 day moving average price of $10.50 and a 200-day moving average price of $10.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2.66 billion, a P/E ratio of 258.75, a P/E/G ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a 52-week low of $7.02 and a 52-week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share 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 during the quarter, compared to analyst estimates of $297.64 million. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Barclays lifted their target price 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. Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.92.

ZoomInfo Technologies Company 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.