J. Goldman & Co LP Purchases New Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

J. Goldman & Co LP purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,037,659 shares of the company's stock, valued at approximately $10,906,000. J. Goldman & Co LP owned about 0.30% of ZoomInfo Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $2,320,000. JPMorgan Chase & Co. increased its stake in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after purchasing an additional 1,591,960 shares in the last quarter. Sei Investments Co. increased its stake in ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after purchasing an additional 146,681 shares in the last quarter. Norges Bank bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $17,042,000. Finally, SBI Securities Co. Ltd. bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $280,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZI has been the subject of a number of research reports. Piper Sandler increased their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. DA Davidson lowered their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company increased their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Down 2.7%

Shares of NASDAQ ZI traded down $0.28 during trading hours on Wednesday, hitting $10.03. The company had a trading volume of 4,959,593 shares, compared to its average volume of 7,224,616. The stock has a market capitalization of $3.43 billion, a P/E 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 Inc. has a 1-year low of $7.01 and a 1-year high of $13.67. The firm's 50 day moving average is $9.29 and its 200-day moving average is $10.18.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

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.