368,220 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 368,220 shares of the company's stock, valued at approximately $3,870,000. BNP Paribas Financial Markets owned about 0.11% of ZoomInfo Technologies at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 47.8% in 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. Nisa Investment Advisors LLC grew its position in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after buying an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth $107,000. Finally, Magnetar Financial LLC bought a new stake in ZoomInfo Technologies during the fourth quarter valued at about $125,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZI. Scotiabank raised their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. DA Davidson dropped their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lifted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group lifted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Down 2.9%

Shares of NASDAQ:ZI traded down $0.30 on Tuesday, hitting $9.90. 4,946,865 shares of the company's stock were exchanged, compared to its average volume of 7,252,200. The firm's 50-day moving average is $9.23 and its 200 day moving average is $10.15. The company has a market capitalization of $3.39 billion, a PE ratio of 330.11, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. 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 (NASDAQ:ZI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.