Cynosure Group LLC Purchases 197,740 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cynosure Group LLC increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 237.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,843 shares of the company’s stock after acquiring an additional 197,740 shares during the quarter. Cynosure Group LLC’s holdings in ZoomInfo Technologies were worth $2,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ZI. Primecap Management Co. CA grew its holdings in shares of ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock worth $45,949,000 after purchasing an additional 1,806,461 shares during the last quarter. Norges Bank acquired a new stake in ZoomInfo Technologies during the 4th quarter worth about $17,042,000. JPMorgan Chase & Co. lifted its holdings in shares of ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the period. Retirement Systems of Alabama boosted its position in ZoomInfo Technologies by 304.5% in the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock valued at $14,902,000 after buying an additional 1,067,299 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in ZoomInfo Technologies in the 4th quarter worth approximately $8,729,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $9.84 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $10.57 and its two-hundred day moving average is $10.56. The firm has a market capitalization of $3.37 billion, a P/E ratio of 328.11, a PEG ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results 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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

ZI has been the subject of a number of research reports. Morgan Stanley boosted 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 report on Wednesday, February 26th. Citigroup increased their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group boosted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price target 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. Finally, 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. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.