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

Several other institutional investors have also modified their holdings of ZI. UMB Bank n.a. lifted its position in 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 acquiring an additional 1,889 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 1,484 shares during the period. Allegiance Financial Group Advisory Services LLC acquired a new position in ZoomInfo Technologies in the first quarter valued at $103,000. Wealth Enhancement Advisory Services LLC acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $109,000. Finally, Caption Management LLC increased its stake in ZoomInfo Technologies by 31.5% in the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock valued at $111,000 after purchasing an additional 2,523 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ZI. Mizuho dropped their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their price target 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. Piper Sandler boosted their price target 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. Finally, DA Davidson dropped their price target 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. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded down $0.06 on Friday, hitting $10.83. The company's stock had a trading volume of 3,798,455 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 $3.71 billion, a price-to-earnings ratio of 361.12, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day moving average of $10.14 and a 200-day moving average of $9.92.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $295.60 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS 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.