Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake of 157,524 shares in ZoomInfo Technologies, valued at approximately $1,575,000, during the first quarter.
• Analysts have varied outlooks on ZoomInfo Technologies, with target price adjustments ranging from $8.00 to $11.00, resulting in a consensus rating of "Hold."
• ZoomInfo Technologies' recent earnings report showed an EPS of $0.23, exceeding expectations, although its revenue decreased by 1.4% compared to the same quarter last year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,524 shares of the company's stock, valued at approximately $1,575,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after purchasing an additional 146,681 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $561,000. JPMorgan Chase & Co. boosted its stake in shares of ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the last quarter. Norges Bank acquired a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $17,042,000. Finally, Wells Fargo & Company MN boosted its stake in shares of ZoomInfo Technologies by 160.8% during the 4th quarter. Wells Fargo & Company MN now owns 39,545 shares of the company's stock worth $416,000 after purchasing an additional 24,381 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. DA Davidson decreased 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. Barclays raised their target price 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 raised their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Four 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, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Down 2.2%

ZI stock opened at $10.89 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $9.92. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 363.12, 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 (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $0.26 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS 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.

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