ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602,000 shares of the company's stock after purchasing an additional 46,500 shares during the quarter. Two Sigma Advisers LP owned about 0.18% of ZoomInfo Technologies worth $6,327,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at $116,622,000. Deutsche Bank AG lifted its holdings in ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after acquiring an additional 10,181,253 shares during the period. Hood River Capital Management LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth $48,336,000. RPD Fund Management LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth $43,264,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

ZI traded up $0.35 during trading hours on Wednesday, hitting $9.83. 4,249,189 shares of the stock were exchanged, compared to its average volume of 7,337,521. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 327.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period last year, the firm posted $0.26 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

ZI has been the subject of several analyst reports. Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. DA Davidson lowered their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wells Fargo & Company lifted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Scotiabank lifted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.63.

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.