Crestline Management LP purchased a new position in 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. The firm purchased 116,979 shares of the company's stock, valued at approximately $1,229,000.
Other large investors have also added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies during the 4th quarter valued at approximately $116,622,000. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Hood River Capital Management LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at approximately $48,336,000. Finally, Primecap Management Co. CA raised its position in ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock valued at $45,949,000 after purchasing an additional 1,806,461 shares during the last quarter. Institutional investors own 95.47% of the company's stock.
ZoomInfo Technologies Stock Up 1.2%
Shares of ZoomInfo Technologies stock traded up $0.11 during midday trading on Friday, hitting $9.35. The company had a trading volume of 5,534,206 shares, compared to its average volume of 7,190,194. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.20 billion, a P/E ratio of 311.77, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a 50 day moving average of $9.37 and a 200 day moving average of $10.18. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.67.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on ZI. Stifel Nicolaus upped their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reduced their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup upped their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Scotiabank upped 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. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and an average target price of $10.19.
Read Our Latest Research Report on ZI
ZoomInfo Technologies Profile
(
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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