34,675 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 34,675 shares of the company’s stock, valued at approximately $641,000.

Several other large investors also recently modified their holdings of the stock. FMR LLC increased its position in ZoomInfo Technologies by 180.0% in the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after buying an additional 8,909,420 shares in the last quarter. Franklin Resources Inc. grew its position in ZoomInfo Technologies by 52,230.4% in the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after purchasing an additional 6,043,581 shares during the period. Cadian Capital Management LP grew its position in ZoomInfo Technologies by 110.7% in the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after purchasing an additional 5,131,000 shares during the period. Norges Bank bought a new stake in ZoomInfo Technologies during the 4th quarter valued at $55,448,000. Finally, Vanguard Group Inc. raised its holdings in ZoomInfo Technologies by 6.6% during the third 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 1.4 %

ZI opened at $12.11 on Tuesday. ZoomInfo Technologies Inc. has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a market cap of $4.53 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 2.95 and a beta of 1.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $14.73 and a 200 day moving average of $15.75.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The firm had revenue of $310.10 million during the quarter, compared to analyst estimates of $308.84 million. On average, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ZI shares. Royal Bank of Canada reissued an “underperform” rating and set a $14.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Stifel Nicolaus lowered their price objective on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. DA Davidson lifted their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. KeyCorp decreased their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Finally, Piper Sandler cut ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $15.00 in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.00.

Get Our Latest Report on ZoomInfo Technologies

ZoomInfo Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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