JPMorgan Chase & Co. Grows Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

JPMorgan Chase & Co. increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,089,358 shares of the company's stock after buying an additional 1,591,960 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.77% of ZoomInfo Technologies worth $63,999,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ZI. State Street Corp lifted its position in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after purchasing an additional 165,440 shares during the period. Primecap Management Co. CA grew its stake in shares of ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after purchasing an additional 1,806,461 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ZoomInfo Technologies by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company's stock worth $23,260,000 after acquiring an additional 19,083 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of ZoomInfo Technologies by 304.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after purchasing an additional 1,067,299 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ZoomInfo Technologies during the fourth quarter valued at $8,729,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 15.5 %

Shares of NASDAQ:ZI traded up $1.15 during trading on Wednesday, hitting $8.56. The company's stock had a trading volume of 14,423,466 shares, compared to its average volume of 7,261,555. The business has a 50 day moving average price of $10.26 and a two-hundred day moving average price of $10.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The company has a market capitalization of $2.93 billion, a PE ratio of 285.43, a P/E/G ratio of 13.05 and a beta of 1.00.

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

Wall Street Analysts Forecast Growth

ZI has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.92.

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.