Villanova Investment Management Co LLC Acquires Shares of 144,330 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Villanova Investment Management Co LLC bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 144,330 shares of the company’s stock, valued at approximately $1,517,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after buying an additional 1,591,960 shares during the period. Primecap Management Co. CA grew its position in shares of ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock worth $45,949,000 after buying an additional 1,806,461 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of ZoomInfo Technologies by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock valued at $23,260,000 after buying an additional 19,083 shares during the period. Finally, Norges Bank bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $17,042,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Down 0.5 %

Shares of ZI opened at $10.00 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.42 billion, a P/E ratio of 333.44, a PEG ratio of 13.05 and a beta of 0.97. The stock’s 50 day moving average is $10.58 and its two-hundred day moving average is $10.57. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZI. Morgan Stanley upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Barclays lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note 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. Canaccord Genuity Group raised their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $11.92.

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.