M&T Bank Corp lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,399 shares of the company’s stock after buying an additional 3,193 shares during the period. M&T Bank Corp’s holdings in ZoomInfo Technologies were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company’s stock valued at $380,000 after buying an additional 1,226 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after buying an additional 1,484 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 1,889 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of ZoomInfo Technologies by 18.8% in the 1st quarter. Wedmont Private Capital now owns 14,386 shares of the company’s stock valued at $144,000 after buying an additional 2,272 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of ZoomInfo Technologies by 2.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock valued at $1,008,000 after buying an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on ZI shares. Barclays increased their price target 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. Mizuho decreased their price target 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. DA Davidson decreased their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price target 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. Finally, Wells Fargo & Company increased their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note 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 stock. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average price target of $10.63.
ZoomInfo Technologies Stock Performance
Shares of ZI opened at $10.45 on Friday. The company has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.86. 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 company has a market capitalization of $3.58 billion, a PE ratio of 348.45, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39.
ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share 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.
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