Easterly Investment Partners LLC Invests $1.26 Million in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Easterly Investment Partners 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 126,165 shares of the company's stock, valued at approximately $1,262,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZI. Raymond James Financial Inc. bought a new stake in ZoomInfo Technologies during the fourth quarter worth $8,729,000. PNC Financial Services Group Inc. lifted its holdings in ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after purchasing an additional 2,456 shares in the last quarter. Xponance Inc. lifted its position in ZoomInfo Technologies by 3.5% during the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after purchasing an additional 1,226 shares during the last quarter. Magnetar Financial LLC purchased a new position in ZoomInfo Technologies during the 4th quarter valued at $125,000. Finally, Sei Investments Co. raised its holdings in ZoomInfo Technologies by 419.0% in the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after buying an additional 146,681 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ZI shares. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Mizuho decreased their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, DA Davidson decreased their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Performance

ZI opened at $10.35 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The business has a fifty day simple moving average of $9.95 and a 200-day simple moving average of $9.86. The firm has a market cap of $3.54 billion, a PE ratio of 345.12, a P/E/G ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results 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. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period last year, the business earned $0.26 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.

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