Sone Capital Management LLC Invests $2.33 Million 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 221,758 shares of the company's stock, valued at approximately $2,331,000. Sone Capital Management LLC owned 0.06% of ZoomInfo Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZI. Fifth Third Bancorp grew its position 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 buying an additional 1,241 shares during the period. Nisa Investment Advisors LLC grew its position in shares of ZoomInfo Technologies by 343.1% during the 4th 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 during the period. SRS Capital Advisors Inc. grew its position in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after buying an additional 5,468 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $107,000. Finally, Caption Management LLC grew its position in shares of ZoomInfo Technologies by 31.5% during the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after buying an additional 2,523 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZI. Barclays boosted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group boosted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price 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, Scotiabank upped their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded down $0.07 on Friday, reaching $9.48. The stock had a trading volume of 2,798,382 shares, compared to its average volume of 7,320,081. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average of $9.17 and a two-hundred day moving average of $10.12. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The company has a market cap of $3.24 billion, a P/E ratio of 316.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating 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 firm had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period 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. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.