Hel Ved Capital Management Ltd Increases Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Hel Ved Capital Management Ltd raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1,219.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 569,800 shares of the company’s stock after buying an additional 526,600 shares during the quarter. ZoomInfo Technologies makes up approximately 1.8% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 17th largest position. Hel Ved Capital Management Ltd owned about 0.17% of ZoomInfo Technologies worth $5,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ZI. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew 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 increased its position in shares of ZoomInfo Technologies by 343.1% during 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 during the last quarter. SRS Capital Advisors Inc. raised its holdings in ZoomInfo Technologies by 183.9% in the 4th 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 acquired a new position in ZoomInfo Technologies in the third quarter valued at about $104,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $7.53 on Friday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 251.08, a PEG ratio of 13.05 and a beta of 1.00. The firm’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $10.52. 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 12 month low of $7.50 and a 12 month high of $16.98.

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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZI. Wells Fargo & Company raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.92.

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.