81,216 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 81,216 shares of the company's stock, valued at approximately $854,000.

A number of other hedge funds have also recently modified their holdings of ZI. Alberta Investment Management Corp purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $2,320,000. JPMorgan Chase & Co. increased its holdings in shares of ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after acquiring an additional 1,591,960 shares in the last quarter. Sei Investments Co. raised its position in shares of ZoomInfo Technologies by 419.0% in the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after purchasing an additional 146,681 shares during the last quarter. Norges Bank purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth about $17,042,000. Finally, SBI Securities Co. Ltd. bought a new position in ZoomInfo Technologies in the 4th quarter worth about $280,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

ZI traded up $0.37 during trading on Friday, hitting $9.00. The company's stock had a trading volume of 4,881,530 shares, compared to its average volume of 7,370,072. The business's 50 day simple moving average is $9.63 and its 200-day simple moving average is $10.23. The firm has a market cap of $3.08 billion, a PE ratio of 300.10, a P/E/G ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $16.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Piper Sandler decreased their price objective on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Scotiabank lifted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Finally, Barclays dropped their price objective on ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and an average price target 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.