Handelsbanken Fonder AB Increases Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Handelsbanken Fonder AB raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,300 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in ZoomInfo Technologies were worth $930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZI. FMR LLC lifted its position in ZoomInfo Technologies by 180.0% during the third 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 during the period. Cadian Capital Management LP raised its position in shares of 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 purchasing an additional 5,131,000 shares during the last quarter. Vanguard Group Inc. raised its position 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 purchasing an additional 2,079,385 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ZoomInfo Technologies by 99.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,989,440 shares of the company’s stock worth $32,627,000 after purchasing an additional 990,077 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of ZoomInfo Technologies by 275.9% in the 4th quarter. Federated Hermes Inc. now owns 1,004,508 shares of the company’s stock worth $18,573,000 after purchasing an additional 737,256 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 4.1 %

Shares of NASDAQ:ZI opened at $16.37 on Monday. The stock has a 50 day moving average of $16.14 and a 200 day moving average of $15.93. The company has a market cap of $6.22 billion, a PE ratio of 60.63, a price-to-earnings-growth ratio of 4.22 and a beta of 1.16. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies Inc. has a 12-month low of $12.36 and a 12-month high of $30.16.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Piper Sandler boosted their target price on ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Morgan Stanley decreased their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Truist Financial boosted their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Moderate Buy” and an average target price of $21.43.

ZoomInfo Technologies 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.