Magnetar Financial LLC Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Magnetar Financial LLC purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,925 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors also recently bought and sold shares of ZI. Victory Capital Management Inc. grew its holdings in shares of ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in ZoomInfo Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after acquiring an additional 29,733 shares in the last quarter. FMR LLC lifted its position in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its stake in ZoomInfo Technologies by 17.3% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company’s stock valued at $3,618,000 after purchasing an additional 51,683 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth $134,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Citigroup lifted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock 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’s stock. According to data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.89 on Monday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 363.12, a PEG ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $16.98. The stock’s 50 day simple moving average is $10.49 and its two-hundred day simple moving average is $10.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. As a group, equities analysts anticipate 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.