Point72 Asset Management L.P. Has $18.91 Million Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Point72 Asset Management L.P. grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 373.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,799,665 shares of the company's stock after acquiring an additional 1,419,665 shares during the period. Point72 Asset Management L.P. owned 0.52% of ZoomInfo Technologies worth $18,914,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Xponance Inc. raised its position in ZoomInfo Technologies by 3.5% during the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after acquiring an additional 1,226 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares during 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 valued at $1,008,000 after purchasing an additional 2,294 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 purchasing an additional 2,456 shares in the last quarter. Finally, Caption Management LLC lifted its stake in shares of ZoomInfo Technologies by 31.5% in the 4th 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 last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on ZI shares. Citigroup raised their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. 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. Barclays upped 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. Mizuho lowered their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Performance

Shares of ZI traded up $0.03 during trading hours on Friday, reaching $9.55. 3,621,517 shares of the company traded hands, compared to its average volume of 7,302,444. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The stock has a market cap of $3.27 billion, a P/E ratio of 318.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock's fifty day moving average is $9.19 and its 200 day moving average is $10.13. 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 (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal 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.