Woodline Partners LP Acquires Shares of 29,301 ZoomInfo Technologies Inc. (NASDAQ:ZI)

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

Several other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in ZoomInfo Technologies by 154.7% during the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock valued at $3,534,000 after purchasing an additional 208,015 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares during the period. Fifth Third Bancorp lifted 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 worth $40,000 after acquiring an additional 1,241 shares in the last quarter. Blue Trust Inc. lifted its position in shares of ZoomInfo Technologies by 10,586.7% during the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock worth $215,000 after acquiring an additional 20,644 shares in the last quarter. Finally, KBC Group NV raised its position in shares of ZoomInfo Technologies by 2,644.4% in the fourth quarter. KBC Group NV now owns 257,781 shares of the company's stock worth $2,709,000 after buying an additional 248,388 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.23 during midday trading on Friday, reaching $9.55. The company had a trading volume of 5,613,932 shares, compared to its average volume of 7,393,437. The business's 50-day simple moving average is $9.03 and its 200 day simple moving average is $10.02. The stock has a market cap of $3.27 billion, a P/E ratio of 318.44, 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 current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million for 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 firm's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Citigroup raised their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Morgan Stanley lowered their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Stifel Nicolaus boosted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. 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. According to MarketBeat, the company 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.