Nomura Holdings Inc. Increases Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Nomura Holdings Inc. raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 193.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,234 shares of the company's stock after purchasing an additional 35,066 shares during the quarter. Nomura Holdings Inc.'s holdings in ZoomInfo Technologies were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after buying an additional 1,241 shares during the period. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. raised its stake 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 during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter worth about $107,000. Finally, Caption Management LLC boosted its position in shares of ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after buying an additional 2,523 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZI shares. Barclays upped their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Canaccord Genuity Group upped their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Citigroup upped their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Finally, Scotiabank lifted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Trading Down 0.7%

Shares of ZI stock traded down $0.07 during trading hours on Monday, hitting $9.48. 2,798,382 shares of the company were exchanged, compared to its average volume of 7,337,521. The firm has a fifty day moving average of $9.17 and a 200 day moving average of $10.10. 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 1 year low of $7.01 and a 1 year high of $13.39. The firm has a market cap of $3.24 billion, a PE ratio of 316.11, a PEG ratio of 13.05 and a beta of 1.02.

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