Adage Capital Partners GP L.L.C. Has $7.88 Million Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Adage Capital Partners GP L.L.C. grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 275.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 750,000 shares of the company’s stock after acquiring an additional 550,000 shares during the quarter. Adage Capital Partners GP L.L.C.’s holdings in ZoomInfo Technologies were worth $7,882,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ZI. Fifth Third Bancorp grew its holdings in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares during the period. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after buying an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its position in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. increased its position in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares in the last quarter. Finally, American Trust bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $8.71 on Tuesday. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $16.98. The stock’s 50 day moving average price is $9.71 and its 200-day moving average price is $10.27. The company has a market capitalization of $2.98 billion, a PE ratio of 290.43, a PEG ratio of 13.05 and a beta of 1.00. 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 announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. On average, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank boosted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Piper Sandler decreased their target price on ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus 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.