Sei Investments Co. Raises Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Sei Investments Co. grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 419.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,692 shares of the company’s stock after purchasing an additional 146,681 shares during the quarter. Sei Investments Co. owned approximately 0.05% of ZoomInfo Technologies worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Alberta Investment Management Corp bought a new stake in ZoomInfo Technologies in the fourth quarter worth $2,320,000. SBI Securities Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $280,000. State Street Corp raised its holdings in shares of ZoomInfo Technologies by 2.0% in the third 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 in the last quarter. XTX Topco Ltd bought a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $895,000. Finally, KBC Group NV lifted its stake in shares of ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company’s stock worth $2,709,000 after purchasing an additional 248,388 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ZI shares. Stifel Nicolaus upped their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Canaccord Genuity Group raised their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Price Performance

ZI opened at $7.53 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 251.08, a PEG ratio of 13.05 and a beta of 1.00. The stock’s 50-day moving average price is $10.50 and its 200 day moving average price is $10.52. ZoomInfo Technologies Inc. has a 12-month low of $7.50 and a 12-month high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share 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 firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

ZoomInfo Technologies 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.