Hood River Capital Management LLC Acquires New Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Hood River Capital Management LLC bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,599,072 shares of the company's stock, valued at approximately $48,336,000. Hood River Capital Management LLC owned approximately 1.34% of ZoomInfo Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZI. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. raised its position in shares of 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 acquiring an additional 1,226 shares in the last quarter. Fifth Third Bancorp boosted its holdings in 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 in the last quarter. State of Tennessee Department of Treasury increased its stake in ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock valued at $1,008,000 after purchasing an additional 2,294 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 2,456 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZI. Citigroup raised their target price 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. Canaccord Genuity Group raised their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Mizuho lowered their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.16.

ZoomInfo Technologies Stock Up 3.5 %

ZI opened at $7.94 on Wednesday. The business's fifty day simple moving average is $9.84 and its 200 day simple moving average is $10.30. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $16.98. The firm has a market cap of $2.72 billion, a P/E ratio of 264.75, a PEG ratio of 13.05 and a beta of 1.00. 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 (NASDAQ:ZI - Get Free Report) last announced 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 firm had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.

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