Teacher Retirement System of Texas Purchases New Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Teacher Retirement System of Texas acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,005 shares of the company’s stock, valued at approximately $480,000.

A number of other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after purchasing an additional 1,889 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock worth $66,000 after purchasing an additional 1,484 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $109,000. Caption Management LLC lifted its position 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 acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth $125,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 3.7%

Shares of ZoomInfo Technologies stock opened at $10.16 on Thursday. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The company has a market cap of $3.48 billion, a P/E ratio of 338.78, a PEG ratio of 13.05 and a beta of 1.02. 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 firm has a fifty day moving average of $9.93 and a two-hundred day moving average of $9.86.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last released its earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ZI shares. Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Piper Sandler lifted their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. DA Davidson decreased 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. Finally, Barclays increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.63.

Check Out Our Latest Analysis on ZoomInfo Technologies

ZoomInfo Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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