GAMMA Investing LLC Boosts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,188.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,360 shares of the company's stock after purchasing an additional 61,208 shares during the period. GAMMA Investing LLC's holdings in ZoomInfo Technologies were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZI. SRS Capital Advisors Inc. lifted its position in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after purchasing an additional 5,468 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $107,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $109,000. Caption Management LLC raised its position in shares of ZoomInfo Technologies by 31.5% in the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after acquiring an additional 2,523 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $125,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ZI shares. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. DA Davidson decreased their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group upped their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Barclays upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Four 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 stock. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Trading Down 2.4%

NASDAQ:ZI traded down $0.25 on Friday, hitting $9.99. 2,793,795 shares of the stock were exchanged, compared to its average volume of 7,490,813. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 333.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company's 50-day moving average price is $9.11 and its 200 day moving average price is $10.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly 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. The firm had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current 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.