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

J. Goldman & Co LP bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,037,659 shares of the company’s stock, valued at approximately $10,906,000. J. Goldman & Co LP owned approximately 0.30% of ZoomInfo Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings 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, Catalyst Funds Management Pty Ltd acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth $107,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut their price objective on shares of 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. Mizuho cut their price target 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Citigroup raised their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group upped their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.19.

ZoomInfo Technologies Stock Up 1.2 %

ZI stock opened at $9.35 on Friday. The stock has a market cap of $3.20 billion, a P/E ratio of 311.77, a PEG ratio of 13.05 and a beta of 1.02. 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 Inc. has a twelve month low of $7.01 and a twelve month high of $13.67. The company’s 50 day moving average is $9.37 and its two-hundred day moving average is $10.18.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal 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.