ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Position Lifted by M&T Bank Corp

M&T Bank Corp boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 25.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,206 shares of the company’s stock after purchasing an additional 4,054 shares during the period. M&T Bank Corp’s holdings in ZoomInfo Technologies were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZI. GAMMA Investing LLC grew its position in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares in the last quarter. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares in the last quarter. KBC Group NV grew its position in ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ZoomInfo Technologies by 7.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,091 shares of the company’s stock worth $641,000 after acquiring an additional 4,507 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after acquiring an additional 4,735 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 0.5 %

Shares of ZI stock opened at $10.45 on Friday. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $16.98. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 348.45, a P/E/G ratio of 13.05 and a beta of 0.97. 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 $10.41 and a 200-day moving average of $10.49.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. On average, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Stifel Nicolaus boosted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Scotiabank boosted their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.92.

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.