Handelsbanken Fonder AB Purchases 10,400 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Handelsbanken Fonder AB increased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company’s stock after acquiring an additional 10,400 shares during the period. Handelsbanken Fonder AB’s holdings in ZoomInfo Technologies were worth $800,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Jericho Capital Asset Management L.P. bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $116,622,000. Deutsche Bank AG raised its position in ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after buying an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock worth $55,029,000 after buying an additional 2,118,297 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in ZoomInfo Technologies in the 4th quarter valued at $48,336,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZI has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Stifel Nicolaus increased 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. Barclays lifted their price objective 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. Finally, DA Davidson cut their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.63.

ZoomInfo Technologies Stock Down 3.3%

ZoomInfo Technologies stock opened at $9.66 on Monday. The company has a 50 day moving average of $9.16 and a 200-day moving average of $9.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39. The stock has a market capitalization of $3.31 billion, a PE ratio of 322.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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