175,000 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Bought by Ionic Capital Management LLC

Ionic Capital Management LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,000 shares of the company's stock, valued at approximately $1,839,000. ZoomInfo Technologies accounts for about 0.2% of Ionic Capital Management LLC's investment portfolio, making the stock its 23rd biggest position. Ionic Capital Management LLC owned about 0.05% of ZoomInfo Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its stake in ZoomInfo Technologies by 154.7% during the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after acquiring an additional 208,015 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after purchasing an additional 4,735 shares in the last quarter. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of ZoomInfo Technologies by 10,586.7% in 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. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of ZI traded down $0.28 during trading hours on Wednesday, reaching $10.03. 4,959,593 shares of the company traded hands, compared to its average volume of 7,224,616. The stock has a fifty day simple moving average of $9.29 and a 200 day simple moving average of $10.18. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.67. The stock has a market capitalization of $3.43 billion, a PE ratio of 334.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million for the quarter, compared to analysts' expectations 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZI. Citigroup raised their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Mizuho lowered their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Piper Sandler boosted 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. Finally, Stifel Nicolaus increased their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.