Adage Capital Partners GP L.L.C. Has $7.88 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Adage Capital Partners GP L.L.C. lifted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 275.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 750,000 shares of the company's stock after buying an additional 550,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.22% of ZoomInfo Technologies worth $7,882,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in ZoomInfo Technologies by 29.1% in the 4th 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 stake in ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after purchasing an additional 1,226 shares in the last quarter. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 47.8% in the 4th 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. State of Tennessee Department of Treasury raised its stake in ZoomInfo Technologies by 2.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after purchasing an additional 2,294 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in ZoomInfo Technologies by 22.8% in the 4th 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. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 0.9 %

ZI opened at $8.71 on Tuesday. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 290.43, a PEG ratio of 13.05 and a beta of 1.00. The company's 50 day moving average price is $9.71 and its two-hundred day moving average price is $10.27.

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

Analysts Set New Price Targets

Several analysts have weighed in on ZI shares. Barclays dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company dropped their target price on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Citigroup boosted 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. DA Davidson dropped their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus boosted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and an average target price of $11.00.

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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