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

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 169,676 shares of the company’s stock, valued at approximately $1,783,000.

Other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in ZoomInfo Technologies in the fourth quarter worth about $2,320,000. Victory Capital Management Inc. increased its position in ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after purchasing an additional 74,455 shares during the period. SBI Securities Co. Ltd. acquired a new stake in ZoomInfo Technologies in the fourth quarter worth about $280,000. State Street Corp grew its position in shares of ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after buying an additional 165,440 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $895,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ZI shares. Morgan Stanley boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Scotiabank boosted 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 analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Trading Down 0.9 %

NASDAQ ZI opened at $10.49 on Wednesday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 349.78, a PEG ratio of 13.05 and a beta of 0.97. The stock’s 50 day moving average price is $10.42 and its two-hundred day moving average price is $10.51. 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 Inc. has a 52 week low of $7.65 and a 52 week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company 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, analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 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.