D. E. Shaw & Co. Inc. grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,802,180 shares of the company's stock after buying an additional 246,924 shares during the period. D. E. Shaw & Co. Inc. owned 1.11% of ZoomInfo Technologies worth $39,961,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% in the 4th 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 during the last quarter. GAMMA Investing LLC grew 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 during the last quarter. Nisa Investment Advisors LLC grew its position in ZoomInfo Technologies by 343.1% in the 4th 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 during the last quarter. SRS Capital Advisors Inc. grew its position in ZoomInfo Technologies by 183.9% in the 4th 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 during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in ZoomInfo Technologies in the 4th quarter valued at $107,000. 95.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Mizuho dropped their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler increased their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday. Scotiabank raised their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.63.
Read Our Latest Report on ZI
ZoomInfo Technologies Price Performance
Shares of ZoomInfo Technologies stock traded down $0.28 on Wednesday, reaching $10.03. The company's stock had a trading volume of 4,959,593 shares, compared to its average volume of 7,224,616. The company has a market capitalization of $3.43 billion, a P/E ratio of 334.44, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.67. The stock has a 50-day moving average price of $9.32 and a 200-day moving average price of $10.18. 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 results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business's revenue was down 1.4% on a year-over-year basis. Analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.
About ZoomInfo Technologies
(
Free Report)
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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