Xponance Inc. Purchases 1,226 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Xponance Inc. raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,173 shares of the company’s stock after acquiring an additional 1,226 shares during the period. Xponance Inc.’s holdings in ZoomInfo Technologies were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ZI. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $22,642,000 after acquiring an additional 29,733 shares in the last quarter. FMR LLC grew its position in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. FORA Capital LLC acquired a new position in ZoomInfo Technologies during the 3rd quarter valued at approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 buying an additional 4,507 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth $149,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 0.8 %

Shares of NASDAQ:ZI opened at $11.03 on Thursday. The business’s 50 day moving average price is $10.57 and its 200-day moving average price is $10.55. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $16.98. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 367.79, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last posted 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). The company had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ZI. Scotiabank upped 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. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” 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. According to MarketBeat.com, the company presently has a consensus 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.