CIBC Private Wealth Group LLC Has $4.67 Million Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

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

A number of other hedge funds and other institutional investors have also modified their holdings of ZI. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after buying an additional 1,160 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. raised its position 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 buying an additional 5,468 shares during the period. Finally, American Trust purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

ZI stock traded down $1.26 during mid-day trading on Friday, reaching $7.53. 11,320,813 shares of the stock traded hands, compared to its average volume of 7,192,285. The firm has a market capitalization of $2.58 billion, a PE ratio of 251.08, a P/E/G ratio of 13.05 and a beta of 1.00. The business has a 50-day moving average of $10.50 and a two-hundred day moving average of $10.52. ZoomInfo Technologies Inc. has a 52 week low of $7.50 and a 52 week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its 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 business 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 predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZI. Scotiabank lifted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Canaccord Genuity Group boosted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company 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 increased their target price for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Barclays boosted 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.