ZoomInfo Technologies Inc. (NASDAQ:ZI) Holdings Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 57.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,706 shares of the company’s stock after acquiring an additional 6,809 shares during the period. Sterling Capital Management LLC’s holdings in ZoomInfo Technologies were worth $197,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its stake 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 buying an additional 1,160 shares during the period. Nisa Investment Advisors LLC lifted 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 worth $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares during the period. Finally, American Trust purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZI shares. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Barclays raised their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $11.58.

ZoomInfo Technologies Stock Up 0.3 %

Shares of ZI stock opened at $8.01 on Monday. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.74 billion, a PE ratio of 267.09, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock has a 50 day moving average of $9.94 and a 200-day moving average of $10.33.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.