Wealth Enhancement Advisory Services LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Wealth Enhancement Advisory Services LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,395 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $150,000. Principal Street Partners LLC lifted its position in shares of ZoomInfo Technologies by 0.6% during the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $10,263,000 after buying an additional 6,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ZoomInfo Technologies by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company’s stock worth $9,844,000 after buying an additional 139,629 shares during the period. Woodline Partners LP bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $308,000. Finally, Sone Capital Management LLC bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $2,331,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 3.4%

ZI stock opened at $9.99 on Wednesday. The company has a market cap of $3.42 billion, a P/E ratio of 333.11, 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 company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average of $9.23 and a 200-day moving average of $9.97.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping 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 business had revenue of $305.70 million during the quarter, compared to analysts’ expectations of $295.60 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZI shares. Wells Fargo & Company raised their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. DA Davidson dropped their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Stifel Nicolaus raised their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Barclays raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company 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 assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.