ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.3% in the fourth quarter, HoldingsChannel reports. The firm owned 50,300 shares of the company’s stock after acquiring an additional 6,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in ZoomInfo Technologies were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aquila Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 155.8% during the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock worth $4,493,000 after purchasing an additional 148,000 shares during the period. Quantbot Technologies LP acquired a new position in ZoomInfo Technologies in the third quarter valued at approximately $1,256,000. Vanguard Group Inc. lifted its holdings in ZoomInfo Technologies by 6.6% in the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after acquiring an additional 2,079,385 shares during the period. Retirement Systems of Alabama lifted its holdings in ZoomInfo Technologies by 9.7% in the third quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock valued at $6,248,000 after acquiring an additional 33,590 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in ZoomInfo Technologies by 127.0% in the third quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock valued at $7,088,000 after acquiring an additional 241,361 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued an “underperform” rating and issued a $14.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. KeyCorp assumed coverage on ZoomInfo Technologies in a report on Thursday, March 21st. They issued an “overweight” rating and a $20.00 price target for the company. Barclays decreased their price target on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Truist Financial boosted 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. Finally, Piper Sandler boosted their price objective on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $21.43.

ZoomInfo Technologies Stock Up 4.1 %

Shares of ZI opened at $16.37 on Monday. 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 one year low of $12.36 and a one year high of $30.16. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 60.63, a PEG ratio of 4.22 and a beta of 1.16. The stock has a 50 day moving average price of $16.14 and a 200 day moving average price of $15.93.

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

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.