Headlands Technologies LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Key Points

• Headlands Technologies LLC has acquired 150,604 shares of ZoomInfo Technologies Inc. for approximately $1.5 million, indicating growing institutional interest in the company.
• ZoomInfo's stock has recently increased by 4.0%, with the current share price at $10.19, while the company reports a market cap of $3.49 billion.
• Analysts have mixed ratings on ZoomInfo, with a consensus price target of $11.00, alongside a notable decline in revenue of 1.4% compared to the same quarter last year.

Headlands Technologies LLC purchased a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 150,604 shares of the company's stock, valued at approximately $1,506,000.

Other institutional investors have also added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $116,622,000. Deutsche Bank AG raised its stake in ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after buying an additional 10,181,253 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares in the last quarter. Primecap Management Co. CA raised its stake in ZoomInfo Technologies by 7.3% in the first quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company's stock worth $46,899,000 after buying an additional 318,005 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in ZoomInfo Technologies in the fourth quarter worth about $48,336,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded down $0.28 during mid-day trading on Tuesday, hitting $9.54. 6,721,666 shares of the company's stock traded hands, compared to its average volume of 7,578,001. The company's 50-day moving average is $10.24 and its two-hundred day moving average is $9.93. 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 company has a market capitalization of $3.27 billion, a P/E ratio of 318.11, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. DA Davidson lowered their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho reduced their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.

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.