Deutsche Bank AG Grows Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Deutsche Bank AG increased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 21,345.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,228,951 shares of the company's stock after buying an additional 10,181,253 shares during the period. Deutsche Bank AG owned 2.98% of ZoomInfo Technologies worth $107,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ZI. Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 29.1% in the fourth 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 grew its stake in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 183.9% in 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 in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at about $107,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded down $0.28 during mid-day trading on Wednesday, reaching $10.03. 4,959,593 shares of the company traded hands, compared to its average volume of 7,224,616. The company's 50 day moving average price is $9.32 and its 200-day moving average price is $10.18. The firm has a market cap of $3.43 billion, a PE 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 Inc. has a 52 week low of $7.01 and a 52 week high of $13.67.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZI. Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Barclays increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Mizuho reduced their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, DA Davidson reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Four research 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.63.

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.