Ionic Capital Management LLC Invests $1.84 Million in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Ionic Capital Management LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 175,000 shares of the company’s stock, valued at approximately $1,839,000. ZoomInfo Technologies comprises about 0.2% of Ionic Capital Management LLC’s holdings, making the stock its 23rd biggest holding.

Several other large investors also recently added to or reduced their stakes in ZI. GAMMA Investing LLC boosted its stake 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 acquiring an additional 1,160 shares during the last quarter. Xponance Inc. raised its holdings in ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company’s stock worth $380,000 after purchasing an additional 1,226 shares during the period. Fifth Third Bancorp lifted 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 valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings 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 purchasing an additional 2,294 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Up 1.2 %

NASDAQ ZI opened at $9.35 on Friday. The stock has a 50 day moving average price of $9.37 and a 200-day moving average price of $10.18. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $3.20 billion, a P/E ratio of 311.77, a P/E/G ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $297.64 million. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZI. Stifel Nicolaus boosted 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. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. DA Davidson lowered their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Piper Sandler cut their price target on ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Finally, Morgan Stanley lowered their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.19.

ZoomInfo Technologies 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.