Kazazian Asset Management LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Kazazian Asset Management LLC bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 244,678 shares of the company's stock, valued at approximately $2,572,000. ZoomInfo Technologies comprises 2.0% of Kazazian Asset Management LLC's portfolio, making the stock its 13th biggest position. Kazazian Asset Management LLC owned 0.07% of ZoomInfo Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Maverick Capital Ltd. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $44,248,000. Pacer Advisors Inc. lifted its holdings in ZoomInfo Technologies by 38.7% during the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock valued at $95,716,000 after buying an additional 2,585,631 shares in the last quarter. Primecap Management Co. CA lifted its holdings in ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock valued at $45,949,000 after buying an additional 1,806,461 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in ZoomInfo Technologies by 304.5% during the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock valued at $14,902,000 after buying an additional 1,067,299 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

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ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.17 on Friday, hitting $10.89. 14,175,913 shares of the company's stock traded hands, compared to its average volume of 7,037,427. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $16.98. The firm's 50-day moving average price is $10.49 and its two-hundred day moving average price is $10.52. The firm has a market capitalization of $3.73 billion, a PE ratio of 363.12, a P/E/G ratio of 13.05 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

ZI has been the subject of a number of research analyst reports. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Barclays boosted their price target 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. Wells Fargo & Company boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and a consensus price target of $11.92.

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.