4,116,455 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Purchased by RPD Fund Management LLC

RPD Fund Management LLC purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,116,455 shares of the company's stock, valued at approximately $43,264,000. ZoomInfo Technologies comprises about 17.6% of RPD Fund Management LLC's holdings, making the stock its 2nd largest holding. RPD Fund Management LLC owned 1.20% of ZoomInfo Technologies at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of ZoomInfo Technologies by 343.1% in the 4th 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. SRS Capital Advisors Inc. grew its holdings in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after purchasing an additional 5,468 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in ZoomInfo Technologies during the 4th quarter worth approximately $107,000. Finally, Caption Management LLC lifted its stake in ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock valued at $111,000 after purchasing an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley lowered their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho dropped their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Scotiabank raised 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. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Four investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Trading Down 2.0%

Shares of ZI stock traded down $0.20 during trading hours on Wednesday, reaching $9.70. The company's stock had a trading volume of 7,868,736 shares, compared to its average volume of 7,267,051. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The stock has a market capitalization of $3.32 billion, a P/E ratio of 323.44, a P/E/G ratio of 13.05 and a beta of 1.02. The firm's fifty day simple moving average is $9.22 and its 200 day simple moving average is $10.15.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.