Horrell Capital Management Inc. Grows Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Horrell Capital Management Inc. grew its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,000 shares of the company’s stock after buying an additional 70,000 shares during the period. ZoomInfo Technologies accounts for about 1.3% of Horrell Capital Management Inc.’s holdings, making the stock its 27th biggest holding. Horrell Capital Management Inc. owned 0.13% of ZoomInfo Technologies worth $4,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC grew its holdings in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $44,248,000. Primecap Management Co. CA increased its position in ZoomInfo Technologies by 70.4% during 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. Retirement Systems of Alabama raised its stake in ZoomInfo Technologies by 304.5% during the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock worth $14,902,000 after purchasing an additional 1,067,299 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ZoomInfo Technologies in the 4th quarter valued at about $8,729,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $10.89 on Monday. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $16.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.73 billion, a P/E ratio of 363.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $10.53.

ZoomInfo Technologies (NASDAQ:ZI) last released 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 analysts’ expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ZI. Stifel Nicolaus lifted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Barclays lifted 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. Wells Fargo & Company increased their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Morgan Stanley boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus 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.