Tairen Capital Ltd Raises Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Tairen Capital Ltd increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,000 shares of the company's stock after purchasing an additional 80,000 shares during the period. Tairen Capital Ltd's holdings in ZoomInfo Technologies were worth $1,682,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ZI. Shellback Capital LP bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $1,051,000. RPD Fund Management LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter valued at $43,264,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in ZoomInfo Technologies in the fourth quarter worth $261,000. Point72 Asset Management L.P. boosted its stake in ZoomInfo Technologies by 373.6% during the fourth quarter. Point72 Asset Management L.P. now owns 1,799,665 shares of the company's stock worth $18,914,000 after buying an additional 1,419,665 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in ZoomInfo Technologies during the fourth quarter worth $378,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 2.0%

NASDAQ ZI traded down $0.20 during midday trading on Thursday, hitting $9.70. 7,868,736 shares of the company traded hands, compared to its average volume of 7,285,266. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The company's 50-day simple moving average is $9.21 and its 200-day simple moving average is $10.15. The company has a market cap of $3.32 billion, a PE ratio of 323.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. 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 (NASDAQ:ZI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (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 return on equity of 12.05% and a net margin of 0.74%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ZI. Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho dropped their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. DA Davidson reduced their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.