Stanley Laman Group Ltd. Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stanley Laman Group Ltd. purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 407,071 shares of the company’s stock, valued at approximately $7,527,000. ZoomInfo Technologies accounts for about 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 20th biggest holding. Stanley Laman Group Ltd. owned approximately 0.10% of ZoomInfo Technologies as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aquila Investment Management LLC increased its position in ZoomInfo Technologies by 155.8% during the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock worth $4,493,000 after acquiring an additional 148,000 shares during the period. Quantbot Technologies LP bought a new position in ZoomInfo Technologies during the third quarter worth $1,256,000. Vanguard Group Inc. increased its holdings in ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after buying an additional 2,079,385 shares during the period. Retirement Systems of Alabama raised its stake in shares of ZoomInfo Technologies by 9.7% in the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock valued at $6,248,000 after buying an additional 33,590 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of ZoomInfo Technologies by 127.0% in the 3rd quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock valued at $7,088,000 after buying an additional 241,361 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ZI. KeyCorp started coverage on shares of ZoomInfo Technologies in a research note on Thursday, March 21st. They issued an “overweight” rating and a $20.00 target price on the stock. Piper Sandler lifted their price objective on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Morgan Stanley decreased their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Barclays decreased their price objective on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $21.43.

ZoomInfo Technologies Trading Down 1.1 %

Shares of ZoomInfo Technologies stock traded down $0.17 on Thursday, hitting $15.72. 2,814,349 shares of the company’s stock traded hands, compared to its average volume of 6,261,398. The firm’s 50-day moving average price is $16.16 and its two-hundred day moving average price is $15.95. The stock has a market capitalization of $5.97 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. ZoomInfo Technologies Inc. has a one year low of $12.36 and a one year high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, research analysts expect 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.