Mission Wealth Management LP Has $425,000 Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Mission Wealth Management LP raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 19.2% in the 4th quarter, HoldingsChannel reports. The fund owned 22,977 shares of the company’s stock after acquiring an additional 3,696 shares during the period. Mission Wealth Management LP’s holdings in ZoomInfo Technologies were worth $425,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ZI. Fifth Third Bancorp raised its position in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the last quarter. GAMMA Investing LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth approximately $43,000. International Assets Investment Management LLC raised its holdings in ZoomInfo Technologies by 792.2% during 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 lifted its position in shares of 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 purchasing an additional 2,415 shares during the period. Finally, American Trust bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at $175,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 2.2 %

ZI stock opened at $16.12 on Friday. ZoomInfo Technologies Inc. has a twelve month low of $12.36 and a twelve month high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $16.06 and its 200-day moving average is $15.93. The firm has a market capitalization of $6.12 billion, a PE ratio of 59.71, a P/E/G ratio of 4.25 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating 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 quarter last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ZI. Royal Bank of Canada restated an “underperform” rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. KeyCorp initiated coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price on the stock. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Finally, Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.