4,599,072 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,599,072 shares of the company's stock, valued at approximately $48,336,000. Hood River Capital Management LLC owned approximately 1.34% of ZoomInfo Technologies at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZI. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $2,320,000. JPMorgan Chase & Co. increased its holdings in shares of 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 buying an additional 1,591,960 shares in the last quarter. Sei Investments Co. lifted its position in shares of ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock valued at $1,910,000 after acquiring an additional 146,681 shares during the last quarter. Norges Bank bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth $17,042,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 4th quarter worth $280,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock traded down $0.24 during trading hours on Monday, reaching $8.56. 2,531,236 shares of the company's stock were exchanged, compared to its average volume of 7,357,961. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.93 billion, a P/E ratio of 284.93, a P/E/G ratio of 13.05 and a beta of 1.00. The business has a fifty day moving average price of $9.74 and a 200-day moving average price of $10.28.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. Analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of analyst reports. Piper Sandler dropped their price target on ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays reduced their price target on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, ZoomInfo Technologies has a consensus rating of "Hold" and an average price target of $11.00.

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.