ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Raised by Horrell Capital Management Inc.

Horrell Capital Management Inc. increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 35.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,000 shares of the company’s stock after acquiring an additional 95,000 shares during the period. Horrell Capital Management Inc. owned about 0.10% of ZoomInfo Technologies worth $3,767,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Retirement Systems of Alabama increased its position in ZoomInfo Technologies by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after purchasing an additional 976 shares during the last quarter. 49 Wealth Management LLC increased its position in ZoomInfo Technologies by 11.3% in the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after purchasing an additional 1,360 shares during the last quarter. Advisors Asset Management Inc. increased its position in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after purchasing an additional 1,547 shares during the last quarter. State of Michigan Retirement System increased its position in ZoomInfo Technologies by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,600 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after purchasing an additional 2,134 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock traded up $0.12 during midday trading on Tuesday, hitting $10.86. 558,183 shares of the company were exchanged, compared to its average volume of 6,600,485. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $3.97 billion, a P/E ratio of 268.57, a PEG ratio of 6.42 and a beta of 1.06. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $19.39. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $11.68.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. ZoomInfo Technologies’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. Research analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the transaction, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Barclays lowered their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Finally, Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $13.40.

ZoomInfo Technologies Company 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.