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

Magnetar Financial LLC purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,925 shares of the company’s stock, valued at approximately $125,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares in the last quarter. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 29.1% during the fourth 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 last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. increased its position 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 valued at $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, American Trust bought a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at about $104,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ZI shares. Wells Fargo & Company upped their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Citigroup upped their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Barclays upped their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Scotiabank boosted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.89 on Monday. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week 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 quick ratio of 0.63 and a current ratio of 0.63. The stock 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 (NASDAQ:ZI) last released its quarterly 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 firm had revenue of $309.10 million for the quarter, compared to the consensus estimate 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 expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

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.