Hel Ved Capital Management Ltd Grows Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Hel Ved Capital Management Ltd raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1,219.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 569,800 shares of the company’s stock after purchasing an additional 526,600 shares during the period. ZoomInfo Technologies comprises approximately 1.8% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 17th biggest holding. Hel Ved Capital Management Ltd’s holdings in ZoomInfo Technologies were worth $5,989,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth about $104,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 14.3 %

Shares of NASDAQ:ZI opened at $7.53 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 251.08, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a 50 day moving average of $10.50 and a two-hundred day moving average of $10.52. ZoomInfo Technologies Inc. has a 52-week low of $7.50 and a 52-week high of $16.98. 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 the consensus estimate of $0.23 by ($0.07). The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Scotiabank raised their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barclays raised their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.92.

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.