Cwm LLC Increases Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

CWM LLC boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4,236.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,869 shares of the company's stock after buying an additional 145,436 shares during the period. CWM LLC's holdings in ZoomInfo Technologies were worth $1,489,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in ZoomInfo Technologies in the fourth quarter valued at approximately $8,729,000. PNC Financial Services Group Inc. lifted its holdings in ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after acquiring an additional 2,456 shares during the last quarter. Xponance Inc. lifted its stake in ZoomInfo Technologies by 3.5% during the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after purchasing an additional 1,226 shares in the last quarter. Magnetar Financial LLC acquired a new position in ZoomInfo Technologies during the fourth quarter worth $125,000. Finally, Sei Investments Co. lifted its stake 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 purchasing an additional 146,681 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZI has been the topic of several analyst reports. Morgan Stanley reduced their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. DA Davidson reduced their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Piper Sandler raised their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Barclays raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded up $0.22 during midday trading on Wednesday, reaching $10.76. 3,322,043 shares of the company traded hands, compared to its average volume of 7,578,001. The firm's 50 day simple moving average is $10.00 and its two-hundred day simple moving average is $9.86. 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 current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $3.68 billion, a PE ratio of 358.79, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. During the same period last year, the firm earned $0.26 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.