KLP Kapitalforvaltning AS Takes $561,000 Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

KLP Kapitalforvaltning AS bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 53,400 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of ZoomInfo Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock worth $22,642,000 after acquiring an additional 29,733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ZoomInfo Technologies by 7.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,091 shares of the company’s stock valued at $641,000 after acquiring an additional 4,507 shares during the last quarter. Edgestream Partners L.P. increased its stake in ZoomInfo Technologies by 21.3% during the third quarter. Edgestream Partners L.P. now owns 128,873 shares of the company’s stock worth $1,330,000 after acquiring an additional 22,593 shares during the last quarter. Holocene Advisors LP increased its position in shares of ZoomInfo Technologies by 71.7% during the 3rd quarter. Holocene Advisors LP now owns 427,817 shares of the company’s stock valued at $4,415,000 after purchasing an additional 178,640 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in ZoomInfo Technologies in the third quarter worth $6,293,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Five 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, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $9.81 on Thursday. 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 business has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.55. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $16.98. The company has a market cap of $3.36 billion, a P/E ratio of 327.11, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data 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 net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. As a group, analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal 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.