Enlightenment Research LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Enlightenment Research LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 4,400 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also made changes to their positions in the company. UBS Group AG boosted its position in ZoomInfo Technologies by 104.4% during the 1st quarter. UBS Group AG now owns 129,492 shares of the company’s stock valued at $6,333,000 after purchasing an additional 66,135 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of ZoomInfo Technologies during the first quarter valued at $357,000. Teacher Retirement System of Texas grew its position in shares of ZoomInfo Technologies by 54.7% during the first quarter. Teacher Retirement System of Texas now owns 9,200 shares of the company’s stock worth $450,000 after acquiring an additional 3,253 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter worth about $76,548,000. Finally, Segantii Capital Management Ltd bought a new stake in ZoomInfo Technologies in the 1st quarter valued at about $13,448,000. 48.66% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Truist Securities lifted their price target on ZoomInfo Technologies from $67.00 to $70.00 in a report on Tuesday, May 4th. Canaccord Genuity increased their price target on ZoomInfo Technologies from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 24th. Raymond James upped their price objective on shares of ZoomInfo Technologies from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Tuesday, February 23rd. Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $59.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, March 1st. Finally, Wolfe Research initiated coverage on ZoomInfo Technologies in a research report on Thursday, April 22nd. They set an “outperform” rating and a $60.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.48.

Shares of ZI opened at $46.37 on Friday. The firm has a 50-day simple moving average of $45.89. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.78. The firm has a market cap of $18.15 billion and a P/E ratio of -1,158.96. ZoomInfo Technologies Inc. has a fifty-two week low of $30.83 and a fifty-two week high of $60.28.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Sunday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. ZoomInfo Technologies had a net margin of 2.50% and a return on equity of 4.65%. The company had revenue of $153.30 million during the quarter, compared to the consensus estimate of $145.49 million. The company’s revenue was up 50.3% on a year-over-year basis. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.33 earnings per share for the current year.

In related news, COO Joseph Christopher Hays sold 13,752 shares of the business’s stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $48.36, for a total value of $665,046.72. Following the completion of the sale, the chief operating officer now directly owns 15,000 shares in the company, valued at approximately $725,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kirk Norman Brown sold 307,279 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $48.78, for a total value of $14,989,069.62. Following the sale, the insider now directly owns 307,279 shares of the company’s stock, valued at approximately $14,989,069.62. The disclosure for this sale can be found here. Insiders sold 1,878,330 shares of company stock worth $85,569,059 in the last 90 days. 24.77% of the stock is currently owned by corporate insiders.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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