Two Sigma Advisers LP Purchases 46,500 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Two Sigma Advisers LP raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 602,000 shares of the company's stock after buying an additional 46,500 shares during the period. Two Sigma Advisers LP owned about 0.18% of ZoomInfo Technologies worth $6,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ZI. Barclays PLC increased its stake in ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company's stock valued at $3,534,000 after acquiring an additional 208,015 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of 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 purchasing an additional 4,735 shares in the last quarter. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 47.8% in 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 period. Blue Trust Inc. boosted its stake in ZoomInfo Technologies by 10,586.7% in the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock valued at $215,000 after acquiring an additional 20,644 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of ZoomInfo Technologies by 2,644.4% during the fourth quarter. KBC Group NV now owns 257,781 shares of the company's stock worth $2,709,000 after purchasing an additional 248,388 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Canaccord Genuity Group upped their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. DA Davidson decreased their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Mizuho dropped their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.20 on Friday, reaching $9.32. The company's stock had a trading volume of 10,616,093 shares, compared to its average volume of 7,373,148. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock's fifty day simple moving average is $9.07 and its 200-day simple moving average is $10.05. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 310.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39.

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