Wealth Enhancement Advisory Services LLC raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 983.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,602 shares of the company's stock after acquiring an additional 102,207 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in ZoomInfo Technologies were worth $1,126,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after purchasing an additional 1,226 shares in the last quarter. GAMMA Investing LLC raised its holdings in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after purchasing an additional 1,484 shares during the last quarter. UMB Bank n.a. raised 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 worth $34,000 after purchasing an additional 1,889 shares during the last quarter. Wedmont Private Capital lifted its position in shares of ZoomInfo Technologies by 18.8% in the 1st quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock worth $144,000 after purchasing an additional 2,272 shares during the period. Finally, State of Tennessee Department of Treasury increased its position in shares of ZoomInfo Technologies by 2.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after buying an additional 2,294 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.
ZoomInfo Technologies Stock Performance
ZI stock traded down $0.04 on Wednesday, hitting $10.08. The company had a trading volume of 7,360,743 shares, compared to its average volume of 7,458,242. The stock's 50-day simple moving average is $9.60 and its 200 day simple moving average is $9.90. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 336.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its 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. The company had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies's revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on ZI. Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Piper Sandler increased their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. 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 report on Monday, April 14th. Finally, Barclays boosted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.63.
View Our Latest Report on ZoomInfo Technologies
About ZoomInfo Technologies
(
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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