Bank of Montreal Can Acquires 6,580 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bank of Montreal Can lifted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 23.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,009 shares of the company’s stock after acquiring an additional 6,580 shares during the quarter. Bank of Montreal Can’s holdings in ZoomInfo Technologies were worth $368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 29.1% in the fourth 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 in the last quarter. Xponance Inc. lifted its holdings in shares of ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company’s stock worth $380,000 after acquiring an additional 1,226 shares during the last quarter. Fifth Third Bancorp boosted its stake 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company’s stock valued at $139,000 after purchasing an additional 2,456 shares during the last quarter. Finally, M&T Bank Corp increased its position in ZoomInfo Technologies by 25.1% during the 4th quarter. M&T Bank Corp now owns 20,206 shares of the company’s stock worth $212,000 after purchasing an additional 4,054 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZI has been the topic of a number of research analyst reports. DA Davidson cut their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Scotiabank boosted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday. Citigroup boosted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley cut their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.16.

ZoomInfo Technologies Stock Up 3.5 %

ZI stock opened at $7.94 on Wednesday. The company has a market cap of $2.72 billion, a P/E ratio of 264.75, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $10.30. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

ZoomInfo Technologies Company 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.