Kazazian Asset Management LLC Makes New $2.57 Million Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Kazazian Asset Management LLC bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 244,678 shares of the company’s stock, valued at approximately $2,572,000. ZoomInfo Technologies accounts for 2.0% of Kazazian Asset Management LLC’s holdings, making the stock its 13th largest position.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% during the fourth 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 in the last quarter. SRS Capital Advisors Inc. increased its position in shares of 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 purchasing an additional 5,468 shares in the last quarter. Finally, KBC Group NV increased its position in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $10.49 on Wednesday. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.59 billion, a PE ratio of 349.78, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The stock’s 50-day moving average price is $10.42 and its 200-day moving average price is $10.51.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $297.64 million. As a group, equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Citigroup upped their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Five 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 MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and an average target price of $11.92.

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.