New Age Alpha Advisors LLC Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

New Age Alpha Advisors LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,510 shares of the company's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZI. Charles Schwab Investment Management Inc. raised its stake in ZoomInfo Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company's stock worth $22,642,000 after buying an additional 29,733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ZoomInfo Technologies by 7.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,091 shares of the company's stock worth $641,000 after acquiring an additional 4,507 shares during the period. Edgestream Partners L.P. raised its position in shares of ZoomInfo Technologies by 21.3% in the 3rd quarter. Edgestream Partners L.P. now owns 128,873 shares of the company's stock worth $1,330,000 after acquiring an additional 22,593 shares in the last quarter. Holocene Advisors LP boosted its position in shares of ZoomInfo Technologies by 71.7% during the 3rd quarter. Holocene Advisors LP now owns 427,817 shares of the company's stock valued at $4,415,000 after purchasing an additional 178,640 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $6,293,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 14.3 %

ZI stock traded down $1.26 during trading on Friday, reaching $7.53. The stock had a trading volume of 11,320,813 shares, compared to its average volume of 7,192,285. 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 company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 251.08, a P/E/G ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a one year low of $7.50 and a one year high of $16.98. The company's 50 day moving average is $10.50 and its two-hundred day moving average is $10.52.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its 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). The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZI shares. Stifel Nicolaus boosted 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. Morgan Stanley upped their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Citigroup boosted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Finally, KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.92.

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.