Bailard Inc. Buys 104,675 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bailard Inc. grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 420.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,595 shares of the company's stock after acquiring an additional 104,675 shares during the quarter. Bailard Inc.'s holdings in ZoomInfo Technologies were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock valued at $31,000 after buying an additional 646 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC boosted its position in shares of ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company's stock valued at $61,000 after buying an additional 2,939 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of ZoomInfo Technologies by 47.4% during the third quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company's stock valued at $123,000 after buying an additional 2,415 shares during the last quarter. Finally, American Trust purchased a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $175,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded up $0.65 on Friday, hitting $16.37. The company's stock had a trading volume of 2,686,992 shares, compared to its average volume of 6,217,271. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $6.22 billion, a PE ratio of 60.63, a PEG ratio of 4.09 and a beta of 1.16. The company has a 50-day simple moving average of $16.14 and a 200 day simple moving average of $15.95. ZoomInfo Technologies Inc. has a 1 year low of $12.36 and a 1 year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. Sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada reissued an "underperform" rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Wells Fargo & Company boosted their price objective on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Morgan Stanley cut their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 17th. Truist Financial boosted their price objective on ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, February 13th. Finally, Citigroup lowered ZoomInfo Technologies from a "neutral" rating to a "sell" rating and lowered their target price for the company from $20.00 to $13.00 in a research note on Thursday, February 8th. Two investment 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's stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $21.43.

About ZoomInfo Technologies

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.