New York State Common Retirement Fund Has $3.81 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

New York State Common Retirement Fund lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 18.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 205,800 shares of the company’s stock after selling 48,045 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of ZoomInfo Technologies worth $3,805,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Aquila Investment Management LLC boosted its stake in shares of ZoomInfo Technologies by 155.8% in the 4th 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 last quarter. Quantbot Technologies LP purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $1,256,000. Vanguard Group Inc. boosted its stake in shares of ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after buying an additional 2,079,385 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of ZoomInfo Technologies by 9.7% in the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock worth $6,248,000 after buying an additional 33,590 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of ZoomInfo Technologies by 127.0% in the 3rd quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock worth $7,088,000 after buying an additional 241,361 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ZI shares. Royal Bank of Canada restated an “underperform” rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Piper Sandler lifted their price target on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Jefferies Financial Group began coverage on shares of ZoomInfo Technologies in a report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Trading Down 2.2 %

ZoomInfo Technologies stock opened at $16.12 on Monday. The stock has a market cap of $6.12 billion, a P/E ratio of 59.71, a PEG ratio of 4.15 and a beta of 1.13. ZoomInfo Technologies Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $30.16. The firm’s fifty day moving average price is $16.04 and its 200-day moving average price is $15.90. 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 released its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

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.