Vontobel Holding Ltd. Purchases 13,532 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Vontobel Holding Ltd. grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,043 shares of the company’s stock after acquiring an additional 13,532 shares during the period. Vontobel Holding Ltd.’s holdings in ZoomInfo Technologies were worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in ZoomInfo Technologies by 180.0% during the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after acquiring an additional 8,909,420 shares during the last quarter. Cadian Capital Management LP grew its stake in shares of ZoomInfo Technologies by 110.7% during the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after purchasing an additional 5,131,000 shares during the last quarter. State Street Corp increased its holdings in shares of ZoomInfo Technologies by 62.6% in the second quarter. State Street Corp now owns 9,077,886 shares of the company’s stock valued at $230,488,000 after purchasing an additional 3,493,491 shares in the last quarter. Morgan Stanley raised its position in ZoomInfo Technologies by 34.0% in the 3rd quarter. Morgan Stanley now owns 12,332,175 shares of the company’s stock worth $202,248,000 after purchasing an additional 3,129,403 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in ZoomInfo Technologies by 240.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,260,500 shares of the company’s stock worth $80,567,000 after purchasing an additional 2,301,800 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group initiated coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price objective on the stock. Truist Financial raised their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. DA Davidson boosted their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley cut their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.43.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $15.53 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies Inc. has a 52-week low of $12.36 and a 52-week high of $30.16. The business has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $15.98. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 57.52, a PEG ratio of 4.06 and a beta of 1.16.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. Analysts anticipate that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

ZoomInfo Technologies 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.