Janus Henderson Group PLC boosted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 92.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 556,659 shares of the company's stock after purchasing an additional 267,567 shares during the quarter. Janus Henderson Group PLC owned about 0.16% of ZoomInfo Technologies worth $5,852,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies in the fourth quarter worth about $116,622,000. Deutsche Bank AG raised its position in shares of ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after buying an additional 10,181,253 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after acquiring an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC bought a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $48,336,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Scotiabank boosted 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. Mizuho decreased 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. Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group upped their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Four 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's stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average target price of $10.63.
Get Our Latest Stock Report on ZI
ZoomInfo Technologies Trading Down 2.0%
Shares of ZoomInfo Technologies stock traded down $0.20 during trading on Thursday, hitting $9.70. The stock had a trading volume of 7,868,736 shares, compared to its average volume of 7,285,266. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The stock has a 50 day simple moving average of $9.21 and a 200 day simple moving average of $10.15. 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 company has a market capitalization of $3.32 billion, a PE ratio of 323.44, a P/E/G ratio of 13.05 and a beta of 1.02.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. During the same quarter last year, the business posted $0.26 EPS. The company's revenue was down 1.4% on a year-over-year basis. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
About ZoomInfo Technologies
(
Free Report)
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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