BIT Capital GmbH Purchases 199,955 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

BIT Capital GmbH boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 51.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,171 shares of the company’s stock after acquiring an additional 199,955 shares during the period. BIT Capital GmbH owned 0.17% of ZoomInfo Technologies worth $6,150,000 at the end of the most recent quarter.

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

ZoomInfo Technologies Trading Down 0.8 %

ZI stock opened at $11.03 on Thursday. The business has a fifty day moving average price of $10.57 and a 200 day moving average price of $10.55. 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 Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $16.98. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 367.79, a P/E/G ratio of 13.05 and a beta of 0.97.

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). The business had revenue of $309.10 million during 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%. Analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ZI. Barclays upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note 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 report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus increased their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note 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 assigned a buy rating to the company. According to MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average 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.