Quantinno Capital Management LP Has $2.56 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Quantinno Capital Management LP grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 51.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 243,323 shares of the company’s stock after purchasing an additional 82,155 shares during the period. Quantinno Capital Management LP’s holdings in ZoomInfo Technologies were worth $2,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. grew its position in shares of ZoomInfo Technologies by 193.0% during the 4th quarter. Nomura Holdings Inc. now owns 53,234 shares of the company’s stock worth $559,000 after buying an additional 35,066 shares during the period. Lazard Asset Management LLC boosted its stake in ZoomInfo Technologies by 10,360.8% in the fourth quarter. Lazard Asset Management LLC now owns 18,934 shares of the company’s stock valued at $197,000 after acquiring an additional 18,753 shares during the last quarter. Ionic Capital Management LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter worth $1,839,000. J. Goldman & Co LP bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at $10,906,000. Finally, Janus Henderson Group PLC raised its position in shares of ZoomInfo Technologies by 92.6% during the 4th quarter. Janus Henderson Group PLC now owns 556,659 shares of the company’s stock valued at $5,852,000 after acquiring an additional 267,567 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 2.9%

ZI opened at $9.90 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 330.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The firm’s fifty day simple moving average is $9.22 and its 200 day simple moving average is $10.15.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts’ expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. Piper Sandler raised their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Scotiabank increased their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Finally, Citigroup lifted their price objective 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. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.63.

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.