ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 21,345.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,228,951 shares of the company’s stock after acquiring an additional 10,181,253 shares during the period. Deutsche Bank AG owned approximately 2.98% of ZoomInfo Technologies worth $107,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Barclays PLC grew its stake in shares of ZoomInfo Technologies by 154.7% during the third quarter. Barclays PLC now owns 342,495 shares of the company’s stock valued at $3,534,000 after acquiring an additional 208,015 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares in the last quarter. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of ZoomInfo Technologies by 10,586.7% in the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock valued at $215,000 after purchasing an additional 20,644 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZI has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Morgan Stanley lowered their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.19.

ZoomInfo Technologies Stock Up 1.2 %

ZI stock opened at $9.35 on Friday. The stock has a market cap of $3.20 billion, a PE ratio of 311.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The firm’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $10.18. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.