Hel Ved Capital Management Ltd Buys 526,600 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Hel Ved Capital Management Ltd grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,219.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,800 shares of the company's stock after purchasing an additional 526,600 shares during the period. ZoomInfo Technologies comprises approximately 1.8% of Hel Ved Capital Management Ltd's investment portfolio, making the stock its 17th largest holding. Hel Ved Capital Management Ltd owned 0.17% of ZoomInfo Technologies worth $5,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its holdings 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 purchasing an additional 1,241 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after purchasing an additional 5,468 shares during the period. Finally, American Trust purchased a new position in ZoomInfo Technologies during the third quarter worth about $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded down $0.85 during trading on Thursday, reaching $7.72. The stock had a trading volume of 3,162,390 shares, compared to its average volume of 7,305,697. The stock has a fifty day simple moving average of $10.26 and a two-hundred day simple moving average of $10.43. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $16.98. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 257.25, a P/E/G ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZI has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Barclays lifted 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. Finally, KeyCorp cut ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.