Nomura Holdings Inc. Buys 35,066 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Nomura Holdings Inc. boosted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 193.0% during the 4th quarter, HoldingsChannel reports. The fund owned 53,234 shares of the company’s stock after acquiring an additional 35,066 shares during the quarter. Nomura Holdings Inc.’s holdings in ZoomInfo Technologies were worth $559,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at $107,000. Finally, Caption Management LLC increased its stake in ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company’s stock valued at $111,000 after buying an additional 2,523 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $9.90 on Wednesday. The firm has a 50-day moving average of $9.22 and a 200-day moving average of $10.15. The company has a market cap of $3.39 billion, a P/E ratio of 330.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on ZI shares. Citigroup lifted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Scotiabank lifted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Piper Sandler lifted their price target on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Mizuho lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.63.

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.