ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 107,043 shares of the company’s stock after buying an additional 13,532 shares during the period. Vontobel Holding Ltd.’s holdings in ZoomInfo Technologies were worth $1,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ZI. Aquila Investment Management LLC increased its position in ZoomInfo Technologies by 155.8% in the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock worth $4,493,000 after buying an additional 148,000 shares during the period. Quantbot Technologies LP acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth about $1,256,000. Vanguard Group Inc. lifted its position in ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after purchasing an additional 2,079,385 shares during the last quarter. Retirement Systems of Alabama boosted its stake in ZoomInfo Technologies by 9.7% during the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock valued at $6,248,000 after purchasing an additional 33,590 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in ZoomInfo Technologies by 127.0% during the 3rd quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock valued at $7,088,000 after purchasing an additional 241,361 shares during the period. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $15.53 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $12.36 and a 1 year high of $30.16. The business’s fifty day moving average is $16.30 and its two-hundred day moving average is $15.98. The stock has a market capitalization of $5.90 billion, a P/E ratio of 57.52, a P/E/G ratio of 4.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $310.62 million. During the same period in the previous year, the firm earned $0.13 earnings per share. ZoomInfo Technologies’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts forecast that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZI has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Piper Sandler lifted their target price on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a research note 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 research note on Wednesday. DA Davidson lifted their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

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.