ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 18.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,386 shares of the company’s stock after acquiring an additional 2,272 shares during the quarter. Wedmont Private Capital’s holdings in ZoomInfo Technologies were worth $144,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SRS Capital Advisors Inc. grew its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $107,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $109,000. Caption Management LLC boosted its holdings in ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company’s stock worth $111,000 after buying an additional 2,523 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth $125,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $10.24 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day moving average of $9.11 and a 200-day moving average of $10.00. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 341.45, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million for the quarter, compared to analysts’ expectations of $295.60 million. During the same period in the prior year, the business posted $0.26 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZI. Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Barclays raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 13th. Morgan Stanley reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. DA Davidson decreased their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company boosted their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.63.

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.