Cornerstone Investment Partners LLC Acquires 5,135 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cornerstone Investment Partners LLC boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,918 shares of the company’s stock after purchasing an additional 5,135 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in ZoomInfo Technologies were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its stake in ZoomInfo Technologies by 180.0% in the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after acquiring an additional 8,909,420 shares during the last quarter. Cadian Capital Management LP increased its stake 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 worth $160,156,000 after acquiring an additional 5,131,000 shares during the last quarter. State Street Corp increased its stake in ZoomInfo Technologies by 62.6% in the 2nd quarter. State Street Corp now owns 9,077,886 shares of the company’s stock worth $230,488,000 after acquiring an additional 3,493,491 shares during the last quarter. Morgan Stanley increased its stake in ZoomInfo Technologies by 34.0% in the 3rd quarter. Morgan Stanley now owns 12,332,175 shares of the company’s stock worth $202,248,000 after acquiring an additional 3,129,403 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of ZoomInfo Technologies by 240.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,260,500 shares of the company’s stock worth $80,567,000 after purchasing an additional 2,301,800 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZI. Bank of America upgraded ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $25.00 in a report on Monday, January 29th. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler lifted their target price on ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Finally, Stifel Nicolaus lifted their target price on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

ZoomInfo Technologies Stock Up 0.1 %

NASDAQ ZI traded up $0.01 on Friday, reaching $15.78. 1,288,655 shares of the stock traded hands, compared to its average volume of 6,419,458. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 3.99 and a beta of 1.16. 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 Inc. has a 12 month low of $12.36 and a 12 month high of $30.16. The company has a fifty day moving average price of $16.30 and a 200-day moving average price of $15.98.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $316.40 million during the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. As a group, research analysts forecast that ZoomInfo Technologies Inc. will post 0.64 EPS 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.