Posted by Defense World Staff on Mar 13th, 2024
Royal London Asset Management Ltd. grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 114,622 shares of the company’s stock after acquiring an additional 8,749 shares during the period. Royal London Asset Management Ltd.’s holdings in ZoomInfo Technologies were worth $1,880,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Comerica Bank bought a new stake in ZoomInfo Technologies in the 2nd quarter valued at $42,000. UniSuper Management Pty Ltd bought a new stake in ZoomInfo Technologies during the 2nd quarter worth about $46,000. Advisors Asset Management Inc. lifted its position in ZoomInfo Technologies by 84.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock worth $31,000 after buying an additional 876 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in ZoomInfo Technologies by 47.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after buying an additional 617 shares in the last quarter. 89.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Royal Bank of Canada reissued an “underperform” rating and set a $14.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Barclays upped their target price on shares of ZoomInfo Technologies from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Finally, Truist Financial upped their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” 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 twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.66.
ZoomInfo Technologies Stock Performance
Shares of NASDAQ:ZI opened at $16.14 on Wednesday. The company’s 50 day moving average price is $16.36 and its two-hundred day moving average price is $16.23. ZoomInfo Technologies Inc. has a 12-month low of $12.36 and a 12-month high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.13 billion, a PE ratio of 59.78, a PEG ratio of 4.30 and a beta of 1.17.
ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current 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.
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