UMB Bank n.a. Raises Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

UMB Bank n.a. grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 125.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,396 shares of the company’s stock after buying an additional 1,889 shares during the quarter. UMB Bank n.a.’s holdings in ZoomInfo Technologies were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. lifted its holdings in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after purchasing an additional 5,468 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at $107,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at $109,000. Caption Management LLC boosted its holdings in ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company’s stock worth $111,000 after buying an additional 2,523 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $125,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZI shares. Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Barclays increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Scotiabank raised their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Mizuho lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company raised their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $10.63.

ZoomInfo Technologies Stock Performance

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

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