New Age Alpha Advisors LLC purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,510 shares of the company's stock, valued at approximately $279,000.
Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its stake 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 acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC lifted its stake in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after acquiring an additional 5,468 shares in the last quarter. Finally, American Trust acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $104,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on ZI shares. KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Canaccord Genuity Group lifted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Morgan Stanley increased their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company upped 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. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.92.
Get Our Latest Stock Analysis on ZoomInfo Technologies
ZoomInfo Technologies Price Performance
NASDAQ:ZI traded down $1.26 during mid-day trading on Friday, hitting $7.53. The company's stock had a trading volume of 11,320,813 shares, compared to its average volume of 7,218,290. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 251.08, a P/E/G ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a fifty-two week low of $7.48 and a fifty-two week high of $16.98. The stock has a fifty day moving average of $10.55 and a 200-day moving average of $10.54.
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). 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 for the quarter, compared to analyst estimates of $297.64 million. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
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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