Parametrica Management Ltd Buys Shares of 17,430 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Parametrica Management Ltd acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,430 shares of the company’s stock, valued at approximately $183,000.

Several other hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in shares of ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. State Street Corp grew its stake in ZoomInfo Technologies by 2.0% during the third 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. Primecap Management Co. CA raised its position in ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock valued at $45,949,000 after purchasing an additional 1,806,461 shares during the period. Maverick Capital Ltd. acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $44,248,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in ZoomInfo Technologies by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock worth $23,260,000 after buying an additional 19,083 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 0.5 %

ZoomInfo Technologies stock opened at $11.12 on Wednesday. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 370.79, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $16.98. The business has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.55. 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 released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group raised their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Scotiabank boosted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Finally, KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Company 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.