Sone Capital Management LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Sone Capital Management LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 221,758 shares of the company's stock, valued at approximately $2,331,000. Sone Capital Management LLC owned about 0.06% of ZoomInfo Technologies at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC grew its position in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in ZoomInfo Technologies by 183.9% during the fourth 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 during the period. Catalyst Funds Management Pty Ltd acquired a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $107,000. Finally, Caption Management LLC raised its holdings in 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 acquiring an additional 2,523 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZI. Stifel Nicolaus boosted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. 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. Citigroup raised their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, DA Davidson lowered their target price 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded up $0.03 during mid-day trading on Friday, reaching $9.55. 3,621,517 shares of the company were exchanged, compared to its average volume of 7,302,444. 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 stock has a market cap of $3.27 billion, a PE ratio of 318.44, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The company has a fifty day moving average of $9.19 and a 200 day moving average of $10.13.

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

ZoomInfo Technologies Company 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.