Bailard Inc. Acquires 104,675 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bailard Inc. raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 420.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,595 shares of the company’s stock after acquiring 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Fifth Third Bancorp boosted 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 valued at $31,000 after purchasing an additional 646 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at about $43,000. International Assets Investment Management LLC lifted its stake in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of ZoomInfo Technologies by 47.4% in the third quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock worth $123,000 after acquiring an additional 2,415 shares during the period. Finally, American Trust acquired a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $175,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ZI. DA Davidson boosted their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley decreased their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company boosted their price objective on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.43.

ZoomInfo Technologies Price Performance

ZI stock traded up $0.69 during midday trading on Friday, hitting $16.41. The company’s stock had a trading volume of 468,120 shares, compared to its average volume of 6,188,285. 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 firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 4.09 and a beta of 1.16. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $30.16. The company has a 50 day moving average of $16.16 and a two-hundred day moving average of $15.95.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating 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 last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect that ZoomInfo Technologies Inc. will post 0.64 EPS for the current year.

ZoomInfo Technologies Company 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.