Easterly Investment Partners LLC Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Easterly Investment Partners LLC purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 126,165 shares of the company's stock, valued at approximately $1,262,000.

A number of other hedge funds also recently bought and sold shares of ZI. Victory Capital Management Inc. grew its stake in shares of ZoomInfo Technologies by 13.1% in the first quarter. Victory Capital Management Inc. now owns 184,736 shares of the company's stock valued at $1,847,000 after buying an additional 21,468 shares in the last quarter. CWM LLC lifted its stake in shares of ZoomInfo Technologies by 4,236.4% during the 1st quarter. CWM LLC now owns 148,869 shares of the company's stock valued at $1,489,000 after buying an additional 145,436 shares in the last quarter. Cerity Partners LLC increased its stake in ZoomInfo Technologies by 96.5% in the first quarter. Cerity Partners LLC now owns 233,810 shares of the company's stock valued at $2,338,000 after acquiring an additional 114,823 shares during the last quarter. M&T Bank Corp increased its stake in shares of ZoomInfo Technologies by 15.8% during the first quarter. M&T Bank Corp now owns 23,399 shares of the company's stock valued at $234,000 after buying an additional 3,193 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in shares of ZoomInfo Technologies by 3.6% during the first quarter. Impax Asset Management Group plc now owns 66,701 shares of the company's stock valued at $667,000 after buying an additional 2,295 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZI shares. DA Davidson cut their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Piper Sandler increased their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley reduced their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company increased their price objective 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. Finally, Barclays increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Down 0.4%

ZI stock traded down $0.04 during mid-day trading on Monday, hitting $10.41. 2,222,678 shares of the company were exchanged, compared to its average volume of 7,551,024. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. 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's 50 day simple moving average is $9.97 and its 200 day simple moving average is $9.86. The firm has a market cap of $3.56 billion, a P/E ratio of 347.12, a P/E/G ratio of 13.05 and a beta of 1.02.

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

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.