Horrell Capital Management Inc. Grows Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Horrell Capital Management Inc. grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 35.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,000 shares of the company's stock after acquiring an additional 95,000 shares during the quarter. Horrell Capital Management Inc. owned about 0.10% of ZoomInfo Technologies worth $3,767,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Boston Partners purchased a new stake in ZoomInfo Technologies in the first quarter valued at approximately $613,000. Janus Henderson Group PLC boosted its position in ZoomInfo Technologies by 7.1% in the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company's stock valued at $4,140,000 after buying an additional 17,193 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company's stock valued at $520,000 after buying an additional 7,779 shares during the last quarter. M&G Plc purchased a new stake in ZoomInfo Technologies in the second quarter valued at approximately $9,534,000. Finally, Tidal Investments LLC purchased a new stake in ZoomInfo Technologies in the first quarter valued at approximately $2,113,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

ZI has been the topic of a number of recent research reports. Citigroup dropped their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a "sell" rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC lowered their price objective on ZoomInfo Technologies from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Bank of America lowered ZoomInfo Technologies from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average price target of $13.40.

Insider Activity

In other news, CEO Henry Schuck purchased 1,500,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the purchase, the chief executive officer now directly owns 11,788,001 shares of the company's stock, valued at $100,080,128.49. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.20% of the company's stock.

ZoomInfo Technologies Trading Up 0.4 %

Shares of NASDAQ ZI traded up $0.04 during mid-day trading on Tuesday, reaching $10.78. 2,259,892 shares of the company's stock were exchanged, compared to its average volume of 6,608,633. The company's 50-day moving average is $10.08 and its 200-day moving average is $11.68. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 271.57, a PEG ratio of 6.42 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. ZoomInfo Technologies's revenue was down 5.5% on a year-over-year basis. Analysts expect that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

ZoomInfo Technologies 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.