100,000 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Shellback Capital LP

Shellback Capital LP purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 100,000 shares of the company's stock, valued at approximately $1,051,000.

Several other hedge funds have also added to or reduced their stakes in ZI. Barclays PLC lifted its holdings 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 purchasing an additional 208,015 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in 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 acquiring an additional 4,735 shares in the last quarter. Fifth Third Bancorp lifted 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 valued at $40,000 after acquiring an additional 1,241 shares during the period. Blue Trust Inc. lifted its position in shares of ZoomInfo Technologies by 10,586.7% during the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock valued at $215,000 after acquiring an additional 20,644 shares during the period. Finally, KBC Group NV lifted its position in shares of ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company's stock valued at $2,709,000 after acquiring an additional 248,388 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZI. Barclays upped their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Wells Fargo & Company upped their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Price Performance

ZI traded down $0.30 on Tuesday, reaching $9.90. The stock had a trading volume of 4,946,865 shares, compared to its average volume of 7,267,051. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm has a 50-day moving average of $9.23 and a 200-day moving average of $10.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 330.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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