Dark Forest Capital Management LP Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Dark Forest Capital Management LP acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,039 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after acquiring an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after purchasing an additional 2,118,297 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock valued at $45,949,000 after purchasing an additional 1,806,461 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ZoomInfo Technologies by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock valued at $23,260,000 after purchasing an additional 19,083 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $19,216,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 0.9 %

ZoomInfo Technologies stock opened at $8.71 on Tuesday. 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 business’s 50-day simple moving average is $9.71 and its 200-day simple moving average is $10.27. The firm has a market capitalization of $2.98 billion, a PE ratio of 290.43, a PEG ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS 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 the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZI shares. Stifel Nicolaus increased their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Mizuho reduced their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company cut their price objective on ZoomInfo Technologies from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.00.

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.