Crescent Park Management L.P. Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Crescent Park Management L.P. acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 600,363 shares of the company’s stock, valued at approximately $6,310,000. ZoomInfo Technologies makes up about 2.4% of Crescent Park Management L.P.’s investment portfolio, making the stock its 13th biggest position. Crescent Park Management L.P. owned about 0.17% of ZoomInfo Technologies at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ZI. Charles Schwab Investment Management Inc. increased its stake in ZoomInfo Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after purchasing an additional 29,733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ZoomInfo Technologies by 7.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,091 shares of the company’s stock worth $641,000 after acquiring an additional 4,507 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of ZoomInfo Technologies by 21.3% in the 3rd quarter. Edgestream Partners L.P. now owns 128,873 shares of the company’s stock worth $1,330,000 after acquiring an additional 22,593 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of ZoomInfo Technologies by 71.7% in the 3rd quarter. Holocene Advisors LP now owns 427,817 shares of the company’s stock worth $4,415,000 after acquiring an additional 178,640 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in ZoomInfo Technologies in the 3rd quarter valued at about $6,293,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

ZI opened at $9.84 on Wednesday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 328.11, a PEG ratio of 13.05 and a beta of 0.97. 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 firm has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.56. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month 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 for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company 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 year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Canaccord Genuity Group increased 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. Morgan Stanley increased their price target 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. Stifel Nicolaus lifted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Finally, Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.