Wealth Enhancement Advisory Services LLC increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 983.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,602 shares of the company's stock after purchasing an additional 102,207 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ZoomInfo Technologies were worth $1,126,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after acquiring an additional 1,889 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $66,000 after acquiring an additional 1,484 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings 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 during the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $107,000. Finally, Caption Management LLC raised its holdings in shares of ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock valued at $111,000 after acquiring an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
ZoomInfo Technologies Stock Up 2.2%
NASDAQ ZI traded up $0.22 during trading on Friday, reaching $10.26. 2,559,763 shares of the company's stock were exchanged, compared to its average volume of 7,492,401. The stock has a market cap of $3.51 billion, a P/E ratio of 342.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $9.89. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year 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 (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 the consensus estimate of $295.60 million. During the same period in the previous year, the business earned $0.26 EPS. ZoomInfo Technologies's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on ZI. Morgan Stanley reduced their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. DA Davidson dropped their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Piper Sandler upped their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Barclays upped their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average target price of $10.63.
Read Our Latest Stock 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.
See Also
Before you consider ZoomInfo Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZoomInfo Technologies wasn't on the list.
While ZoomInfo Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
