Northern Trust Corp Acquires 422,683 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Northern Trust Corp grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,465,962 shares of the company's stock after purchasing an additional 422,683 shares during the period. Northern Trust Corp owned approximately 0.72% of ZoomInfo Technologies worth $25,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after acquiring an additional 1,241 shares in the last quarter. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after purchasing an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after purchasing an additional 5,468 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter worth approximately $107,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 2.7%

NASDAQ ZI traded down $0.28 during trading on Wednesday, hitting $10.03. 4,959,593 shares of the company's stock traded hands, compared to its average volume of 7,214,179. The stock has a fifty day moving average of $9.32 and a two-hundred day moving average of $10.18. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.67. The firm has a market cap of $3.43 billion, a P/E ratio of 334.44, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley dropped their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Finally, Scotiabank boosted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.63.

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.