ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,129 shares of the company's stock after buying an additional 44,488 shares during the quarter. Pinebridge Investments L.P.'s holdings in ZoomInfo Technologies were worth $1,431,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in 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 buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. boosted its position in ZoomInfo Technologies by 183.9% during the fourth 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, American Trust acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $8.79 on Monday. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $16.98. The stock's fifty day moving average is $9.74 and its two-hundred day moving average is $10.28. The company has a market capitalization of $3.01 billion, a P/E ratio of 293.10, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Stifel Nicolaus boosted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Scotiabank upped their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given 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 a consensus target price of $11.00.

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.

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