RPD Fund Management LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

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

A number of other large investors have also recently modified their holdings of ZI. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after acquiring an additional 1,241 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after acquiring an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after acquiring an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in ZoomInfo Technologies during the fourth quarter worth about $107,000. Finally, Caption Management LLC raised its stake in ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after acquiring an additional 2,523 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZI shares. Scotiabank boosted 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. Morgan Stanley lowered their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays lifted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Trading Up 1.4%

ZI traded up $0.14 during trading on Monday, hitting $10.20. The company's stock had a trading volume of 5,016,563 shares, compared to its average volume of 7,252,200. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39. 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's fifty day moving average price is $9.25 and its 200-day moving average price is $10.16. The firm has a market capitalization of $3.49 billion, a P/E ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The company's revenue was down 1.4% compared to the same quarter last year. Analysts anticipate 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.