ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 130.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 790,005 shares of the company's stock after acquiring an additional 447,510 shares during the quarter. Barclays PLC owned 0.23% of ZoomInfo Technologies worth $8,303,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZI. Sterling Capital Management LLC increased its holdings in ZoomInfo Technologies by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 18,706 shares of the company's stock worth $197,000 after purchasing an additional 6,809 shares during the period. Renaissance Technologies LLC purchased a new position in ZoomInfo Technologies in the fourth quarter worth approximately $2,979,000. Bank of Nova Scotia grew its holdings in ZoomInfo Technologies by 2,194.3% during the 4th quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock worth $9,387,000 after acquiring an additional 854,227 shares in the last quarter. Invesco Ltd. raised its holdings in shares of ZoomInfo Technologies by 3.2% in the 4th quarter. Invesco Ltd. now owns 572,867 shares of the company's stock valued at $6,021,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of ZoomInfo Technologies by 23.1% during the 4th quarter. Bank of Montreal Can now owns 35,009 shares of the company's stock worth $368,000 after purchasing an additional 6,580 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.01 during trading hours on Tuesday, reaching $8.72. 364,821 shares of the company traded hands, compared to its average volume of 7,345,518. The stock has a market capitalization of $2.98 billion, a PE ratio of 289.56, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $9.71 and a 200 day simple moving average of $10.27. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its 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 firm had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZI shares. Stifel Nicolaus raised their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company cut their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Scotiabank increased their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.00.

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.