Connor Clark & Lunn Investment Management Ltd. Purchases New Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 169,676 shares of the company’s stock, valued at approximately $1,783,000.

Several other large investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 47.8% during the fourth 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 period. GAMMA Investing LLC boosted its position in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC boosted its position in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. boosted its position in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares during the period. Finally, KBC Group NV boosted its position in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the period. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 0.9 %

Shares of NASDAQ ZI opened at $10.49 on Wednesday. The stock has a market cap of $3.59 billion, a PE ratio of 349.78, a PEG ratio of 13.05 and a beta of 0.97. The business has a fifty day moving average of $10.42 and a two-hundred day moving average of $10.51. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZI has been the subject of several research reports. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Citigroup increased their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.92.

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.