Crescent Park Management L.P. Has $7.25 Million Stock Position in ZoomInfo Technologies Inc. $ZI

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. raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 20.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 725,177 shares of the company's stock after acquiring an additional 124,814 shares during the quarter. ZoomInfo Technologies makes up 3.4% of Crescent Park Management L.P.'s portfolio, making the stock its 13th largest holding. Crescent Park Management L.P. owned about 0.21% of ZoomInfo Technologies worth $7,252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in shares of ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after buying an additional 1,889 shares in the last quarter. Brooklyn Investment Group increased 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 buying an additional 3,306 shares in the last quarter. GAMMA Investing LLC increased 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 buying an additional 1,484 shares in the last quarter. US Bancorp DE increased 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 buying an additional 2,092 shares in the last quarter. Finally, AlphaQuest LLC increased 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 buying an additional 5,951 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Up 5.1%

NASDAQ ZI traded up $0.52 during trading on Thursday, hitting $10.75. The stock had a trading volume of 2,864,351 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The company has a market capitalization of $3.68 billion, a PE ratio of 358.45, a P/E/G ratio of 13.05 and a beta of 1.02. 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 company's 50-day moving average price is $10.30 and its two-hundred day moving average price is $9.93.

Analysts Set New Price Targets

A number of analysts recently commented on ZI shares. Barclays lifted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Piper Sandler lifted their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus price target of $11.18.

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.