Vestmark Advisory Solutions Inc. Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Vestmark Advisory Solutions Inc. bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,647 shares of the company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $2,320,000. Victory Capital Management Inc. grew its holdings in ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares in the last quarter. Versor Investments LP purchased a new stake in ZoomInfo Technologies during the 3rd quarter valued at approximately $516,000. State Street Corp grew its holdings in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in ZoomInfo Technologies during the 3rd quarter valued at approximately $895,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley increased their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $11.51 on Monday. The firm has a market cap of $3.95 billion, a PE ratio of 383.79, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The firm’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.46. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $17.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.05% and a net margin of 0.74%. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS 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.