Susquehanna Fundamental Investments LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Susquehanna Fundamental Investments LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 391,065 shares of the company's stock, valued at approximately $4,110,000. Susquehanna Fundamental Investments LLC owned about 0.11% of ZoomInfo Technologies at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp boosted its position in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. increased its position 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 buying an additional 5,468 shares in the last quarter. Finally, American Trust acquired a new stake in shares of ZoomInfo Technologies during the third quarter valued at $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZI shares. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup upped their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus increased their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.00.

ZoomInfo Technologies Stock Performance

Shares of ZI traded up $0.37 during mid-day trading on Friday, reaching $9.00. 4,881,530 shares of the company's stock traded hands, compared to its average volume of 7,360,867. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The stock has a market capitalization of $3.08 billion, a P/E ratio of 300.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The business's 50-day moving average price is $9.64 and its 200-day moving average price is $10.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data 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 company 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 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.