ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Holdings Increased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 45.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 485,910 shares of the company’s stock after buying an additional 152,978 shares during the period. CIBC Private Wealth Group LLC owned about 0.14% of ZoomInfo Technologies worth $4,670,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC grew its holdings in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. increased its position in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the period. Finally, American Trust acquired a new position in shares of ZoomInfo Technologies during the third quarter worth approximately $104,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Barclays increased their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Scotiabank raised their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies Trading Down 1.6 %

Shares of ZI stock opened at $9.84 on Wednesday. The company has a market capitalization of $3.37 billion, a P/E ratio of 328.11, a P/E/G ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $10.57 and a 200 day moving average price of $10.56.

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