Shellback Capital LP Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Shellback Capital LP bought 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. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,051,000.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ZoomInfo Technologies by 343.1% in 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 during the last quarter. SRS Capital Advisors Inc. increased 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 during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $107,000. Finally, Caption Management LLC raised its stake in shares of 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 acquiring an additional 2,523 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZI has been the subject of a number of analyst reports. Canaccord Genuity Group upped 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. Morgan Stanley cut their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Citigroup lifted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Mizuho decreased their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Down 2.0%

Shares of ZoomInfo Technologies stock traded down $0.20 on Thursday, hitting $9.70. 7,868,736 shares of the company traded hands, compared to its average volume of 7,285,266. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-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 company has a market cap of $3.32 billion, a PE ratio of 323.44, a PEG ratio of 13.05 and a beta of 1.02. The company has a 50-day moving average price of $9.21 and a 200 day moving average price of $10.15.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced 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. The business had revenue of $305.70 million during the quarter, compared to analyst estimates 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 was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share 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.