ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in ZoomInfo Technologies by 59.5% during the first quarter, acquiring an additional 59,451 shares for a total of 159,377 shares valued at approximately $1.59 million.
• ZoomInfo reported earnings of $0.23 per share for the quarter, exceeding estimates, despite a 1.4% decline in revenue compared to the same quarter last year.
• Institutional investors and hedge funds hold 95.47% of ZoomInfo's shares, indicating strong institutional confidence in the company's stock.

GSA Capital Partners LLP boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 59.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,377 shares of the company's stock after buying an additional 59,451 shares during the period. GSA Capital Partners LLP's holdings in ZoomInfo Technologies were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies in the 4th quarter valued at $116,622,000. Deutsche Bank AG raised its position in ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in ZoomInfo Technologies in the 4th quarter valued at $48,336,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZI has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on 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. Barclays boosted their target price 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 boosted their target price 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. Piper Sandler upped their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Mizuho dropped 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. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.62 during midday trading on Friday, hitting $10.21. 4,627,515 shares of the stock traded hands, compared to its average volume of 7,578,001. The firm has a 50-day moving average of $10.16 and a two-hundred day moving average of $9.93. The firm has a market capitalization of $3.49 billion, a P/E ratio of 340.45, a PEG 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. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities analysts forecast 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.