Tudor Investment Corp ET AL Grows Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Tudor Investment Corp ET AL lifted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 470.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 938,845 shares of the company’s stock after purchasing an additional 774,169 shares during the quarter. Tudor Investment Corp ET AL owned 0.27% of ZoomInfo Technologies worth $9,867,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 2,118,297 shares in the last quarter. Hood River Capital Management LLC bought a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $48,336,000. Primecap Management Co. CA raised its stake in shares of ZoomInfo Technologies by 70.4% during the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock worth $45,949,000 after acquiring an additional 1,806,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ZoomInfo Technologies by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock worth $23,260,000 after acquiring an additional 19,083 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $8.71 on Tuesday. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The firm has a market capitalization of $2.98 billion, a P/E ratio of 290.43, a P/E/G ratio of 13.05 and a beta of 1.00. 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 business has a fifty day simple moving average of $9.71 and a two-hundred day simple moving average of $10.27.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZI. Citigroup lifted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Barclays lowered their target price on ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Mizuho reduced their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Scotiabank raised their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

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.