Ethic Inc. Acquires 5,171 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Ethic Inc. grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,725 shares of the company’s stock after acquiring an additional 5,171 shares during the period. Ethic Inc.’s holdings in ZoomInfo Technologies were worth $197,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ZI. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the period. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares during the period. SRS Capital Advisors Inc. increased its position in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $107,000. Finally, Caption Management LLC increased its position in shares of ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company’s stock worth $111,000 after buying an additional 2,523 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ZI. Citigroup increased their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Barclays raised their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Piper Sandler raised their price target on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.63.

ZoomInfo Technologies Stock Up 1.4%

ZI opened at $10.20 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50-day moving average is $9.25 and its 200 day moving average is $10.16. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm has a market capitalization of $3.49 billion, a P/E ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

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.