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

Teacher Retirement System of Texas acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,005 shares of the company's stock, valued at approximately $480,000.

Several other institutional investors also recently modified their holdings of ZI. UMB Bank n.a. increased its stake in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after acquiring an additional 1,889 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after acquiring an additional 1,484 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in ZoomInfo Technologies during the 4th quarter valued at about $109,000. Caption Management LLC increased its stake in ZoomInfo Technologies by 31.5% during the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock valued at $111,000 after purchasing an additional 2,523 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in ZoomInfo Technologies during the 4th quarter valued at about $125,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Up 1.0%

ZI traded up $0.10 on Friday, reaching $10.45. The company's stock had a trading volume of 2,492,146 shares, compared to its average volume of 7,531,833. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 348.45, a P/E/G ratio of 13.05 and a beta of 1.02. 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 fifty-two week low of $7.01 and a fifty-two week high of $13.39. The stock has a 50 day moving average of $9.95 and a two-hundred day moving average of $9.86.

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 (EPS) for the quarter, topping 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 analyst estimates of $295.60 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. As a group, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. DA Davidson dropped their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company boosted their price objective 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. Barclays boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler lifted their price target on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Mizuho lowered their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average target price of $10.63.

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.