ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,221 shares of the company’s stock after acquiring an additional 2,456 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ZoomInfo Technologies were worth $139,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after purchasing an additional 74,455 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ZoomInfo Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after purchasing an additional 29,733 shares during the period. FMR LLC increased its position in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Advantage Alpha Capital Partners LP raised its stake in ZoomInfo Technologies by 17.3% during the third quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company’s stock worth $3,618,000 after purchasing an additional 51,683 shares during the period. Finally, FORA Capital LLC acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $134,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $11.07 on Tuesday. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $16.98. The stock has a market capitalization of $3.79 billion, a P/E ratio of 369.12, a P/E/G ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company’s fifty day moving average is $10.52 and its two-hundred day moving average is $10.54.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business 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%. On average, sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ZI shares. Barclays lifted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.92.

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.