Ieq Capital LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 367,741 shares of the company's stock, valued at approximately $3,677,000. Ieq Capital LLC owned approximately 0.11% of ZoomInfo Technologies as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. FORA Capital LLC grew its stake in ZoomInfo Technologies by 104.9% during the 1st quarter. FORA Capital LLC now owns 43,903 shares of the company's stock valued at $439,000 after purchasing an additional 22,472 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in ZoomInfo Technologies by 11.9% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 2,046,800 shares of the company's stock valued at $20,468,000 after purchasing an additional 218,416 shares in the last quarter. Comerica Bank grew its stake in ZoomInfo Technologies by 122.3% during the 1st quarter. Comerica Bank now owns 176,476 shares of the company's stock valued at $1,765,000 after purchasing an additional 97,100 shares in the last quarter. Crescent Park Management L.P. grew its stake in ZoomInfo Technologies by 20.8% during the 1st quarter. Crescent Park Management L.P. now owns 725,177 shares of the company's stock valued at $7,252,000 after purchasing an additional 124,814 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in ZoomInfo Technologies by 139.6% during the 1st quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock valued at $102,000 after purchasing an additional 5,951 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on ZI. Piper Sandler raised their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $11.18.
Get Our Latest Analysis on ZoomInfo Technologies
ZoomInfo Technologies Stock Performance
NASDAQ:ZI traded up $0.09 during trading hours on Thursday, reaching $10.38. 2,736,813 shares of the stock were exchanged, compared to its average volume of 7,578,001. The stock has a market capitalization of $3.55 billion, a P/E ratio of 346.12, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $9.94.
ZoomInfo Technologies Company Profile
(
Free Report)
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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