Swiss National Bank Decreases Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Swiss National Bank decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 502,900 shares of the company’s stock after selling 8,000 shares during the period. Swiss National Bank owned about 0.15% of ZoomInfo Technologies worth $5,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ZI. FMR LLC raised its position in shares of ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the period. State Street Corp raised its holdings in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after acquiring an additional 165,440 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth $44,248,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock worth $23,260,000 after acquiring an additional 19,083 shares during the period. Finally, Harber Asset Management LLC grew its position in shares of ZoomInfo Technologies by 79.0% in the third quarter. Harber Asset Management LLC now owns 1,437,847 shares of the company’s stock valued at $14,839,000 after purchasing an additional 634,551 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Up 1.7 %

Shares of ZoomInfo Technologies stock opened at $11.07 on Tuesday. 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 $7.65 and a 12-month high of $16.98. The company has a market cap of $3.79 billion, a P/E ratio of 369.12, a PEG ratio of 13.05 and a beta of 0.97. The company’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $10.54.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

ZI has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Barclays lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.92.

About ZoomInfo Technologies

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.