Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,578 shares of the company’s stock after purchasing an additional 5,523 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ZoomInfo Technologies were worth $716,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake 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 worth $34,000 after buying an additional 1,889 shares during the last quarter. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after purchasing an additional 1,484 shares in the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new position in ZoomInfo Technologies during the first quarter valued at $103,000. Wealth Enhancement Advisory Services LLC purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $109,000. Finally, 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 valued at $111,000 after purchasing an additional 2,523 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ZI. Piper Sandler raised their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. DA Davidson reduced their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Mizuho reduced their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, Barclays lifted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.00.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $9.80 on Thursday. The business’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $9.93. The company has a market cap of $3.35 billion, a PE ratio of 326.78, a PEG ratio of 13.05 and a beta of 1.02. 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 Inc. has a 12-month low of $7.01 and a 12-month high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts expect 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.