SG Americas Securities LLC Raises Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

SG Americas Securities LLC lifted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 138.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,271 shares of the company's stock after buying an additional 50,081 shares during the quarter. SG Americas Securities LLC's holdings in ZoomInfo Technologies were worth $863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after buying an additional 1,889 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after acquiring an additional 1,484 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $107,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $109,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. DA Davidson cut their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank boosted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Up 0.6%

Shares of ZI traded up $0.06 during midday trading on Friday, hitting $9.80. 7,197,351 shares of the company's stock traded hands, compared to its average volume of 7,487,286. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 326.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The firm's fifty day moving average is $9.33 and its 200-day moving average is $9.94.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. During the same period last year, the business posted $0.26 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

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.