Dimensional Fund Advisors LP Buys 2,118,297 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Dimensional Fund Advisors LP boosted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 67.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,236,035 shares of the company's stock after acquiring an additional 2,118,297 shares during the quarter. Dimensional Fund Advisors LP owned 1.52% of ZoomInfo Technologies worth $55,029,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $2,320,000. JPMorgan Chase & Co. boosted its holdings in shares of ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after buying an additional 1,591,960 shares during the last quarter. Sei Investments Co. increased its holdings in ZoomInfo Technologies by 419.0% during the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after buying an additional 146,681 shares during the last quarter. Norges Bank bought a new stake in ZoomInfo Technologies during the fourth quarter worth $17,042,000. Finally, SBI Securities Co. Ltd. acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at $280,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 4.3 %

Shares of ZoomInfo Technologies stock opened at $9.00 on Friday. The firm's 50-day moving average price is $9.63 and its two-hundred day moving average price is $10.23. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 300.10, a PEG 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. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Mizuho reduced their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and a consensus 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.

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