ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Tairen Capital Ltd

Tairen Capital Ltd increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 100.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period.

A number of other hedge funds have also recently made changes to their positions in ZI. Jericho Capital Asset Management L.P. purchased a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $116,622,000. Deutsche Bank AG boosted its position in ZoomInfo Technologies by 21,345.2% in the 4th 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. JPMorgan Chase & Co. boosted its position in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after buying an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP boosted its position in ZoomInfo Technologies by 67.9% in the 4th 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. Finally, Hood River Capital Management LLC purchased a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $48,336,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 0.7%

NASDAQ:ZI traded down $0.07 during midday trading on Friday, hitting $9.48. 2,798,382 shares of the company were exchanged, compared to its average volume of 7,337,521. The company has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $10.11. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week 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. The company has a market capitalization of $3.24 billion, a PE ratio of 316.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period last year, the business earned $0.26 EPS. ZoomInfo Technologies's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZI has been the subject of several recent research reports. DA Davidson decreased their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Scotiabank lifted their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. 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 report on Wednesday, April 16th. Finally, Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Hold" and an average price target of $10.63.

About ZoomInfo Technologies

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.