Qsemble Capital Management LP Purchases New Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Qsemble Capital Management LP acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,978 shares of the company’s stock, valued at approximately $272,000.

A number of other large investors have also made changes to their positions in ZI. 49 Wealth Management LLC boosted its stake in shares of ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after acquiring an additional 1,360 shares in the last quarter. River Global Investors LLP acquired a new stake in ZoomInfo Technologies in the 1st quarter valued at about $714,000. Oppenheimer Asset Management Inc. increased its holdings in shares of ZoomInfo Technologies by 3.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 103,431 shares of the company’s stock worth $1,658,000 after buying an additional 3,635 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of ZoomInfo Technologies during the 1st quarter worth approximately $183,000. Finally, Quantbot Technologies LP increased its holdings in shares of ZoomInfo Technologies by 45.1% during the 1st quarter. Quantbot Technologies LP now owns 53,730 shares of the company’s stock worth $861,000 after buying an additional 16,697 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZI. Citigroup reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group dropped their price objective on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Stifel Nicolaus lowered their target price on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Finally, Piper Sandler decreased their price objective on shares of ZoomInfo Technologies from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $18.86.

Insider Activity

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the sale, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,974 shares of company stock valued at $298,154. 8.10% of the stock is owned by insiders.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded up $0.46 on Tuesday, hitting $11.96. 4,384,693 shares of the company were exchanged, compared to its average volume of 6,321,421. The firm has a 50 day moving average of $12.51 and a two-hundred day moving average of $14.91. The company has a market cap of $4.47 billion, a P/E ratio of 59.80, a P/E/G ratio of 2.81 and a beta of 1.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies Inc. has a 1-year low of $11.35 and a 1-year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The business had revenue of $310.10 million for the quarter, compared to the consensus estimate of $308.84 million. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.69 EPS for the current year.

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.