29,301 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Bought by Woodline Partners LP

Woodline Partners LP bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,301 shares of the company's stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jericho Capital Asset Management L.P. bought a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $116,622,000. Deutsche Bank AG raised its stake 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 buying an additional 10,181,253 shares during the period. Hood River Capital Management LLC bought a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $48,336,000. RPD Fund Management LLC bought a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $43,264,000. Finally, Dimensional Fund Advisors LP raised its stake in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after buying an additional 2,118,297 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded down $0.31 during trading hours on Thursday, reaching $9.52. 4,104,316 shares of the company were exchanged, compared to its average volume of 7,373,148. The company has a market capitalization of $3.26 billion, a P/E ratio of 317.44, a P/E/G 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. 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 business has a 50 day moving average of $9.10 and a 200 day moving average of $10.08.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its 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. The firm had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group upped 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. Citigroup upped their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Mizuho decreased their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Barclays upped their target price 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. Finally, Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.