GAMMA Investing LLC Grows Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

GAMMA Investing LLC lifted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1,188.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,360 shares of the company’s stock after purchasing an additional 61,208 shares during the quarter. GAMMA Investing LLC’s holdings in ZoomInfo Technologies were worth $6,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZI. Xponance Inc. increased its position in ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company’s stock valued at $380,000 after acquiring an additional 1,226 shares during the period. State of Tennessee Department of Treasury grew its position in ZoomInfo Technologies by 2.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock valued at $1,008,000 after acquiring an additional 2,294 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company’s stock worth $139,000 after buying an additional 2,456 shares during the period. Caption Management LLC boosted its position in shares of ZoomInfo Technologies by 31.5% in the fourth quarter. Caption Management LLC now owns 10,523 shares of the company’s stock worth $111,000 after buying an additional 2,523 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of ZoomInfo Technologies by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 153,450 shares of the company’s stock worth $1,613,000 after acquiring an additional 3,891 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group increased their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. DA Davidson reduced their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler raised their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.63.

ZoomInfo Technologies Stock Performance

ZI stock opened at $9.91 on Tuesday. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a market cap of $3.39 billion, a PE ratio of 330.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day moving average price of $8.98 and a 200-day moving average price of $10.00. 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 released its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current 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.