Circumference Group LLC Has $4.57 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Circumference Group LLC boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 435,000 shares of the company's stock after purchasing an additional 70,000 shares during the period. ZoomInfo Technologies comprises 3.9% of Circumference Group LLC's portfolio, making the stock its 13th largest position. Circumference Group LLC owned 0.13% of ZoomInfo Technologies worth $4,572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $116,622,000. Deutsche Bank AG lifted its holdings in ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after buying an additional 10,181,253 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after acquiring an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after purchasing an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in ZoomInfo Technologies during the fourth quarter valued at $48,336,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZI. DA Davidson reduced their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. 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. Canaccord Genuity Group raised their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company dropped 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 report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.19.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.11 during mid-day trading on Friday, hitting $9.35. The company's stock had a trading volume of 5,534,206 shares, compared to its average volume of 7,190,194. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50-day moving average price of $9.37 and a 200 day moving average price of $10.18. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.67. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 311.77, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

ZoomInfo Technologies 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.