SG Americas Securities LLC Has $863,000 Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

SG Americas Securities LLC boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 138.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,271 shares of the company's stock after purchasing an additional 50,081 shares during the quarter. SG Americas Securities LLC's holdings in ZoomInfo Technologies were worth $863,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted 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 valued at $34,000 after acquiring an additional 1,889 shares in the last quarter. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after acquiring an additional 1,484 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in ZoomInfo Technologies during the 4th quarter valued at $107,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at $109,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 2.2%

Shares of ZI opened at $9.77 on Thursday. The business has a 50-day moving average of $9.26 and a 200 day moving average of $9.97. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm has a market cap of $3.34 billion, a P/E ratio of 325.78, 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 quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, topping 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 company had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. During the same quarter last year, the firm posted $0.26 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

ZI has been the topic of several recent analyst reports. Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Barclays lifted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Mizuho lowered their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus lifted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price 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 given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and a consensus price target of $10.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.