ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Position Raised by Mission Wealth Management LP

Mission Wealth Management LP increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 19.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,977 shares of the company’s stock after purchasing an additional 3,696 shares during the quarter. Mission Wealth Management LP’s holdings in ZoomInfo Technologies were worth $425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after purchasing an additional 646 shares during the last quarter. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $43,000. International Assets Investment Management LLC lifted its holdings in ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after purchasing an additional 2,939 shares during the last quarter. Banque Cantonale Vaudoise increased its position in ZoomInfo Technologies by 47.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock worth $123,000 after buying an additional 2,415 shares during the period. Finally, American Trust bought a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $175,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $16.12 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 59.71, a P/E/G ratio of 4.25 and a beta of 1.13. The stock’s fifty day simple moving average is $16.06 and its 200 day simple moving average is $15.93. ZoomInfo Technologies Inc. has a one year low of $12.36 and a one year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, analysts expect that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZI. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Barclays dropped their price target on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp began coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They issued an “overweight” rating and a $20.00 price target on the stock. Bank of America raised ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies has a consensus rating of “Moderate Buy” and an average target price of $21.43.

About ZoomInfo Technologies

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.