Sone Capital Management LLC Purchases Shares of 221,758 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Sone Capital Management LLC acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 221,758 shares of the company’s stock, valued at approximately $2,331,000. Sone Capital Management LLC owned 0.06% of ZoomInfo Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alberta Investment Management Corp acquired a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $2,320,000. JPMorgan Chase & Co. raised its stake in shares of ZoomInfo Technologies by 35.4% during 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. Sei Investments Co. boosted its holdings in shares of ZoomInfo Technologies by 419.0% in the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company’s stock valued at $1,910,000 after buying an additional 146,681 shares during the last quarter. Norges Bank bought a new position in shares of ZoomInfo Technologies in the fourth quarter valued at $17,042,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of ZoomInfo Technologies in the fourth quarter valued at $280,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. DA Davidson cut their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. Citigroup raised their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given 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 $10.63.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $10.20 on Monday. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The company’s 50 day moving average price is $9.25 and its two-hundred day moving average price is $10.16. The firm has a market cap of $3.49 billion, a PE ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last issued 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. 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 period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

ZoomInfo Technologies Company 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.