Two Sigma Investments LP Has $23.12 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Two Sigma Investments LP raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 60.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,199,313 shares of the company's stock after buying an additional 832,311 shares during the quarter. Two Sigma Investments LP owned about 0.64% of ZoomInfo Technologies worth $23,115,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $116,622,000. Deutsche Bank AG raised its position 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 purchasing an additional 10,181,253 shares during the period. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $48,336,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays raised their price objective 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. Morgan Stanley cut their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Citigroup boosted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Scotiabank upped their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Price Performance

ZI stock traded down $0.07 on Tuesday, hitting $9.48. 2,798,382 shares of the company's stock traded hands, compared to its average volume of 7,337,521. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 316.11, 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. The stock has a fifty day moving average of $9.14 and a 200-day moving average of $10.08.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $305.70 million during 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 quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

ZoomInfo Technologies Company 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.