Bailard Inc. Raises Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bailard Inc. boosted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 420.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,595 shares of the company’s stock after buying an additional 104,675 shares during the period. Bailard Inc.’s holdings in ZoomInfo Technologies were worth $2,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after purchasing an additional 646 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth approximately $43,000. International Assets Investment Management LLC raised its stake in shares of ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after purchasing an additional 2,939 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of ZoomInfo Technologies by 47.4% during the third quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock worth $123,000 after purchasing an additional 2,415 shares during the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $175,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup cut ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. The Goldman Sachs Group increased their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Barclays cut their price objective on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Piper Sandler raised their price objective on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.69 during mid-day trading on Friday, hitting $16.41. 468,120 shares of the company’s stock traded hands, compared to its average volume of 6,188,285. The firm has a 50 day moving average price of $16.16 and a 200 day moving average price of $15.95. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.23 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.09 and a beta of 1.16. ZoomInfo Technologies Inc. has a one year low of $12.36 and a one year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.64 EPS for the current year.

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.