CIBC Private Wealth Group LLC Acquires 152,978 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

CIBC Private Wealth Group LLC grew its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 485,910 shares of the company's stock after purchasing an additional 152,978 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.14% of ZoomInfo Technologies worth $4,670,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in ZoomInfo Technologies during the 4th quarter worth $2,320,000. SBI Securities Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at $280,000. State Street Corp lifted its stake in shares of ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after acquiring an additional 165,440 shares during the period. XTX Topco Ltd bought a new position in ZoomInfo Technologies in the third quarter valued at about $895,000. Finally, KBC Group NV raised its holdings in ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company's stock worth $2,709,000 after purchasing an additional 248,388 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 10.4 %

NASDAQ:ZI traded down $1.02 on Thursday, hitting $8.79. 7,106,219 shares of the company's stock were exchanged, compared to its average volume of 7,201,946. The company has a market cap of $3.01 billion, a P/E ratio of 293.10, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The firm has a 50-day moving average price of $10.55 and a 200-day moving average price of $10.54. 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 Inc. has a 52 week low of $7.65 and a 52 week high of $16.98.

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ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted 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). The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Wells Fargo & Company upped their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Scotiabank raised their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Canaccord Genuity Group upped their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Piper Sandler upgraded ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $10.00 to $11.00 in a 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies 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.