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 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 585,171 shares of the company’s stock after purchasing an additional 199,955 shares during the quarter. BIT Capital GmbH’s holdings in ZoomInfo Technologies were worth $6,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in shares of ZoomInfo Technologies by 47.8% in 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 period. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in ZoomInfo Technologies by 343.1% in 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 period. SRS Capital Advisors Inc. boosted its holdings in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the last quarter. Finally, American Trust bought a new position in ZoomInfo Technologies during the third quarter worth about $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Scotiabank increased their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Citigroup boosted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $11.03 on Thursday. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $16.98. The firm’s 50 day moving average is $10.57 and its 200-day moving average is $10.55. The company has a market capitalization of $3.78 billion, a PE ratio of 367.79, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (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 during the quarter, compared to analyst estimates of $297.64 million. Equities research analysts anticipate 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.