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

Kazazian Asset Management LLC bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 244,678 shares of the company’s stock, valued at approximately $2,572,000. ZoomInfo Technologies comprises about 2.0% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Kazazian Asset Management LLC owned about 0.07% of ZoomInfo Technologies at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Xponance Inc. increased its holdings in shares of ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company’s stock worth $380,000 after purchasing an additional 1,226 shares during the last quarter. Primecap Management Co. CA increased 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 worth $45,949,000 after purchasing an additional 1,806,461 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $107,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $1,783,000. Finally, Ceera Investments LLC bought a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $314,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Down 0.9 %

Shares of NASDAQ ZI opened at $10.49 on Wednesday. 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 firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 349.78, a PEG ratio of 13.05 and a beta of 0.97. The stock has a 50 day moving average price of $10.42 and a 200 day moving average price of $10.51. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.92.

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.