ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 373.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,799,665 shares of the company’s stock after acquiring an additional 1,419,665 shares during the period. Point72 Asset Management L.P.’s holdings in ZoomInfo Technologies were worth $18,914,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZI shares. DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Scotiabank lifted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Stifel Nicolaus boosted 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. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Finally, Barclays upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 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 assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $10.63.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.20 on Friday. The stock’s 50-day moving average is $9.25 and its two-hundred day moving average is $10.16. 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 Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping 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 company had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. 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.