New York Life Investment Management LLC Purchases 2,033 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

New York Life Investment Management LLC boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,296 shares of the company’s stock after acquiring an additional 2,033 shares during the period. New York Life Investment Management LLC’s holdings in ZoomInfo Technologies were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares during the period. Stifel Financial Corp raised its holdings in shares of ZoomInfo Technologies by 0.5% in the third quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after buying an additional 1,143 shares during the period. Securian Asset Management Inc. raised its holdings in shares of ZoomInfo Technologies by 7.6% in the third quarter. Securian Asset Management Inc. now owns 25,843 shares of the company’s stock worth $424,000 after buying an additional 1,830 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of ZoomInfo Technologies by 1.0% in the third quarter. Mutual of America Capital Management LLC now owns 197,819 shares of the company’s stock worth $3,244,000 after buying an additional 2,006 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of ZoomInfo Technologies by 0.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 255,170 shares of the company’s stock worth $4,185,000 after buying an additional 2,305 shares during the period. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Up 3.6 %

ZoomInfo Technologies stock opened at $12.58 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies Inc. has a 1-year low of $11.67 and a 1-year high of $30.16. The business has a fifty day moving average price of $15.92 and a 200-day moving average price of $15.87.

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

Analysts Set New Price Targets

ZI has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday. DA Davidson increased their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. KeyCorp reduced their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $28.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group downgraded ZoomInfo Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $19.50 to $12.00 in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.00.

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.