83,200 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 83,200 shares of the company's stock, valued at approximately $1,538,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZI. FMR LLC boosted its holdings in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company's stock valued at $227,303,000 after purchasing an additional 8,909,420 shares during the period. Cadian Capital Management LP raised its stake in ZoomInfo Technologies by 110.7% in the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company's stock valued at $160,156,000 after buying an additional 5,131,000 shares in the last quarter. State Street Corp raised its stake in ZoomInfo Technologies by 62.6% in the second quarter. State Street Corp now owns 9,077,886 shares of the company's stock valued at $230,488,000 after buying an additional 3,493,491 shares in the last quarter. Morgan Stanley raised its stake in ZoomInfo Technologies by 34.0% in the third quarter. Morgan Stanley now owns 12,332,175 shares of the company's stock valued at $202,248,000 after buying an additional 3,129,403 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in ZoomInfo Technologies by 240.1% in the first quarter. Renaissance Technologies LLC now owns 3,260,500 shares of the company's stock valued at $80,567,000 after buying an additional 2,301,800 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZI. Citigroup cut ZoomInfo Technologies from a "neutral" rating to a "sell" rating and cut their price target for the company from $20.00 to $13.00 in a research note on Thursday, February 8th. Morgan Stanley cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday. DA Davidson lifted their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a "buy" rating and a $20.00 target price on the stock. Finally, KeyCorp began coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They set an "overweight" rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.43.

ZoomInfo Technologies Stock Performance

ZI traded down $0.24 during trading on Friday, reaching $15.53. The company's stock had a trading volume of 3,766,709 shares, compared to its average volume of 4,520,339. ZoomInfo Technologies Inc. has a 52-week low of $12.36 and a 52-week high of $30.16. The company's fifty day moving average price is $16.30 and its 200-day moving average price is $15.97. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 4.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating 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 company had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same quarter in the previous year, the company earned $0.13 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal 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.