SG Americas Securities LLC Raises Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

SG Americas Securities LLC lifted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 553.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,873 shares of the company's stock after buying an additional 68,493 shares during the period. SG Americas Securities LLC's holdings in ZoomInfo Technologies were worth $1,495,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in ZoomInfo Technologies by 144.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,629,228 shares of the company's stock valued at $41,366,000 after purchasing an additional 963,194 shares in the last quarter. Adams Street Partners LLC acquired a new stake in ZoomInfo Technologies during the 2nd quarter valued at $13,219,000. Geode Capital Management LLC increased its holdings in ZoomInfo Technologies by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,554,327 shares of the company's stock valued at $115,458,000 after purchasing an additional 588,198 shares in the last quarter. KADENSA CAPITAL Ltd acquired a new stake in ZoomInfo Technologies during the 2nd quarter valued at $11,822,000. Finally, Quantbot Technologies LP acquired a new stake in ZoomInfo Technologies during the 3rd quarter valued at $1,256,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on ZI shares. KeyCorp started coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They issued an "overweight" rating and a $20.00 price objective on the stock. Barclays raised their price target on ZoomInfo Technologies from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 13th. Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. DA Davidson raised their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Finally, Truist Financial raised their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.58.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.18 during midday trading on Friday, reaching $16.03. 4,317,839 shares of the company's stock were exchanged, compared to its average volume of 4,954,734. ZoomInfo Technologies Inc. has a 52 week low of $12.36 and a 52 week high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 59.37, a P/E/G ratio of 4.08 and a beta of 1.17. The stock's 50-day simple moving average is $16.30 and its 200 day simple moving average is $16.07.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business had revenue of $316.40 million during the quarter, compared to analysts' expectations of $310.62 million. During the same quarter last year, the company posted $0.13 earnings per share. ZoomInfo Technologies's quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

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.