Pallas Capital Advisors LLC Buys New Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Pallas Capital Advisors LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,480 shares of the company's stock, valued at approximately $575,000.

Other large investors also recently bought and sold shares of the company. Xponance Inc. grew its stake in ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after acquiring an additional 1,226 shares during the period. UMB Bank n.a. boosted its stake in ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares during the last quarter. Wedmont Private Capital lifted its position in ZoomInfo Technologies by 18.8% during the first quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock worth $144,000 after buying an additional 2,272 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of ZoomInfo Technologies by 2.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after acquiring an additional 2,294 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after acquiring an additional 2,456 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Mizuho lowered their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Barclays lifted their price target 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. Four research 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, the stock has a consensus rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded up $0.12 on Thursday, reaching $10.24. 3,609,347 shares of the company were exchanged, compared to its average volume of 7,477,515. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The company has a 50-day moving average of $9.06 and a 200-day moving average of $10.01. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 341.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period in the previous year, the business earned $0.26 earnings per share. ZoomInfo Technologies's quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

About ZoomInfo Technologies

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.