Catalyst Funds Management Pty Ltd Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Catalyst Funds Management Pty Ltd purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, Holdings Channel reports. The fund purchased 10,200 shares of the company’s stock, valued at approximately $107,000.

A number of other large investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $1,783,000. Ceera Investments LLC purchased a new position in ZoomInfo Technologies in the fourth quarter valued at $314,000. PNC Financial Services Group Inc. increased its holdings in ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company’s stock valued at $139,000 after buying an additional 2,456 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in ZoomInfo Technologies in the fourth quarter valued at $164,000. Finally, Raymond James Financial Inc. purchased a new position in ZoomInfo Technologies in the fourth quarter valued at $8,729,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 0.5 %

ZI stock opened at $10.45 on Monday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 348.45, a PEG ratio of 13.05 and a beta of 0.97. 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 Inc. has a one year low of $7.65 and a one year high of $16.98. The company has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $10.50.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZI shares. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Morgan Stanley increased their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus target price of $11.92.

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.