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

Handelsbanken Fonder AB grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,600 shares of the company’s stock after buying an additional 15,100 shares during the period. Handelsbanken Fonder AB’s holdings in ZoomInfo Technologies were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZI. FMR LLC raised its holdings in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after acquiring an additional 2,585,631 shares in the last quarter. State Street Corp lifted its holdings in shares of ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after acquiring an additional 165,440 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at $44,248,000. Finally, Primecap Management Co. CA grew its holdings in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

ZI has been the subject of several recent research reports. Scotiabank boosted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday. Mizuho raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Citigroup boosted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Morgan Stanley raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.92.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $11.66 on Friday. The business’s fifty day moving average is $10.30 and its 200 day moving average is $10.36. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 388.80, a PEG ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $17.13.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The business had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.