Pallas Capital Advisors LLC bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 57,480 shares of the company's stock, valued at approximately $575,000.
Several other institutional investors have also recently made changes to their positions in the company. Jericho Capital Asset Management L.P. purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $116,622,000. Deutsche Bank AG grew its position in 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 purchasing an additional 10,181,253 shares during the last quarter. 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 acquiring an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $55,029,000 after acquiring an additional 2,118,297 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at $48,336,000. Institutional investors own 95.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ZI. Barclays upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler increased their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Scotiabank increased their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.63.
Get Our Latest Stock Report on ZoomInfo Technologies
ZoomInfo Technologies Price Performance
ZI stock traded down $0.33 during trading on Friday, hitting $9.66. The stock had a trading volume of 3,447,877 shares, compared to its average volume of 7,504,908. The company's 50 day moving average price is $9.16 and its two-hundred day moving average price is $9.99. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 322.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.
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, 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 quarter in the prior year, the company posted $0.26 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
ZoomInfo Technologies Company Profile
(
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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