Teacher Retirement System of Texas Purchases New Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Teacher Retirement System of Texas acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 48,005 shares of the company's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZI. Oppenheimer Asset Management Inc. raised its position in ZoomInfo Technologies by 70.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 48,199 shares of the company's stock worth $482,000 after acquiring an additional 19,994 shares in the last quarter. Mission Wealth Management LP raised its position in ZoomInfo Technologies by 17.4% in the first quarter. Mission Wealth Management LP now owns 41,991 shares of the company's stock worth $420,000 after acquiring an additional 6,215 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in ZoomInfo Technologies by 983.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock worth $1,126,000 after acquiring an additional 102,207 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in ZoomInfo Technologies during the 1st quarter worth about $186,000. Finally, Handelsbanken Fonder AB raised its holdings in ZoomInfo Technologies by 14.9% during the 1st quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company's stock worth $800,000 after buying an additional 10,400 shares during the period. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.04 during trading hours on Friday, reaching $10.41. The stock had a trading volume of 2,222,678 shares, compared to its average volume of 7,551,024. The business's fifty day moving average is $9.97 and its two-hundred day moving average is $9.86. 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 company has a market cap of $3.56 billion, a price-to-earnings ratio of 347.12, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39.

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. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million for the quarter, compared to analysts' expectations of $295.60 million. During the same period in the prior year, the business posted $0.26 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. As a group, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZI. Piper Sandler boosted their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley cut their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays lifted their target price 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. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Mizuho lowered their target price 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. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.63.

About ZoomInfo Technologies

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.