J. Goldman & Co LP Buys Shares of 1,037,659 ZoomInfo Technologies Inc. (NASDAQ:ZI)

J. Goldman & Co LP purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,037,659 shares of the company’s stock, valued at approximately $10,906,000.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in ZoomInfo Technologies by 92.6% in the 4th quarter. Janus Henderson Group PLC now owns 556,659 shares of the company’s stock valued at $5,852,000 after purchasing an additional 267,567 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $150,000. Gotham Asset Management LLC grew its holdings in ZoomInfo Technologies by 3.9% during the fourth quarter. Gotham Asset Management LLC now owns 231,804 shares of the company’s stock worth $2,436,000 after acquiring an additional 8,641 shares during the period. Ethic Inc. raised its position in ZoomInfo Technologies by 38.2% in the fourth quarter. Ethic Inc. now owns 18,725 shares of the company’s stock worth $197,000 after acquiring an additional 5,171 shares in the last quarter. Finally, FORA Capital LLC lifted its holdings in ZoomInfo Technologies by 64.6% in the fourth quarter. FORA Capital LLC now owns 21,431 shares of the company’s stock valued at $225,000 after acquiring an additional 8,414 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Morgan Stanley lowered their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Piper Sandler decreased their price target on ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group upped their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Four equities research 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.19.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $9.35 on Friday. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.67. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 311.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company’s 50-day moving average is $9.37 and its two-hundred day moving average is $10.18. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

About ZoomInfo Technologies

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.