Headlands Technologies LLC Invests $1.51 Million 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 acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,604 shares of the company's stock, valued at approximately $1,506,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ZoomInfo Technologies by 983.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock valued at $1,126,000 after purchasing an additional 102,207 shares in the last quarter. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after buying an additional 1,484 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of ZoomInfo Technologies in the first quarter worth $480,000. Woodline Partners LP purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $308,000. Finally, Merit Financial Group LLC acquired a new stake in shares of ZoomInfo Technologies during the first quarter valued at $500,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.57 during trading hours on Friday, hitting $9.82. The company had a trading volume of 5,464,464 shares, compared to its average volume of 7,578,001. 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 firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 327.44, a PEG ratio of 13.05 and a beta of 1.02. The firm's fifty day moving average is $10.23 and its 200 day moving average is $9.93. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during 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 was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. On average, sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ZI shares. DA Davidson lowered their price target 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. Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Piper Sandler upped their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.00.

ZoomInfo Technologies 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.