35,995 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,995 shares of the company's stock, valued at approximately $378,000.

Several other large investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted 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 acquiring an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC raised its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of ZoomInfo Technologies by 183.9% in the 4th 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 last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of ZoomInfo Technologies during the 4th quarter worth $107,000. Finally, Caption Management LLC increased its position in shares of ZoomInfo Technologies by 31.5% during the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after purchasing an additional 2,523 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on ZI shares. Citigroup upped their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Stifel Nicolaus increased their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Mizuho cut their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Scotiabank upped their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Finally, Piper Sandler lifted their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Down 1.7%

ZI stock opened at $10.06 on Friday. The company's 50 day moving average price is $9.25 and its 200 day moving average price is $10.17. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 335.45, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm's revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.

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