ZoomInfo Technologies Inc. $ZI Shares Purchased by Crescent Park Management L.P.

Key Points

• Crescent Park Management L.P. has increased its stake in ZoomInfo Technologies Inc. by 20.8%, acquiring an additional 124,814 shares to hold a total of 725,177 shares worth approximately $7.25 million.
• The stock performance of ZoomInfo Technologies shows a market capitalization of $3.46 billion, with shares trading at $10.10, near its annual low of $7.01 and high of $13.39.
• Equities analysts have recently revised their price targets for ZoomInfo Technologies, with Barclays and Wells Fargo both increasing their targets to a range between $10.00 and $11.00, indicating a consensus rating of "Hold."

Crescent Park Management L.P. boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 725,177 shares of the company's stock after purchasing an additional 124,814 shares during the quarter. ZoomInfo Technologies comprises about 3.4% of Crescent Park Management L.P.'s investment portfolio, making the stock its 13th largest position. Crescent Park Management L.P. owned about 0.21% of ZoomInfo Technologies worth $7,252,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after purchasing an additional 1,889 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of ZoomInfo Technologies by 180.5% in the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock valued at $51,000 after acquiring an additional 3,306 shares during the period. GAMMA Investing LLC raised its stake in shares of ZoomInfo Technologies by 28.8% in the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after acquiring an additional 1,484 shares during the period. US Bancorp DE raised its stake in shares of ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after acquiring an additional 2,092 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of ZoomInfo Technologies by 139.6% in the first quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock valued at $102,000 after acquiring an additional 5,951 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 6.4%

NASDAQ ZI traded up $0.65 during trading on Monday, reaching $10.75. 3,426,500 shares of the company's stock traded hands, compared to its average volume of 7,578,001. The company's 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $9.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 358.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Barclays increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler increased their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.18.

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.