Crescent Park Management L.P. bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 600,363 shares of the company's stock, valued at approximately $6,310,000. ZoomInfo Technologies makes up approximately 2.4% of Crescent Park Management L.P.'s portfolio, making the stock its 13th largest position. Crescent Park Management L.P. owned about 0.17% of ZoomInfo Technologies as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. lifted its holdings in ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after buying an additional 1,226 shares during the period. Fifth Third Bancorp increased its stake in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares during the period. PNC Financial Services Group Inc. raised its position in shares of ZoomInfo Technologies by 22.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after acquiring an additional 2,456 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of ZoomInfo Technologies by 30.2% in the third quarter. M&T Bank Corp now owns 16,152 shares of the company's stock worth $167,000 after acquiring an additional 3,746 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.
ZoomInfo Technologies Price Performance
ZoomInfo Technologies stock traded up $0.16 during midday trading on Monday, reaching $7.69. 3,795,293 shares of the stock were exchanged, compared to its average volume of 7,179,515. The company's fifty day moving average is $10.50 and its 200-day moving average is $10.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 52 week low of $7.02 and a 52 week high of $16.98. The firm has a market cap of $2.63 billion, a PE ratio of 255.92, a PEG ratio of 13.05 and a beta of 1.00.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) 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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. On average, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Morgan Stanley lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Canaccord Genuity Group upped their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, 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. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.92.
Read Our Latest Research Report on ZoomInfo Technologies
About ZoomInfo Technologies
(
Free Report)
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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