ZoomInfo Technologies Inc. $ZI Shares Acquired by Crescent Park Management L.P.

Crescent Park Management L.P. raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 12.2% in the second quarter, HoldingsChannel reports. The firm owned 813,963 shares of the company’s stock after acquiring an additional 88,786 shares during the period. ZoomInfo Technologies makes up 3.2% of Crescent Park Management L.P.’s investment portfolio, making the stock its 13th largest position. Crescent Park Management L.P.’s holdings in ZoomInfo Technologies were worth $8,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in ZoomInfo Technologies in the first quarter worth about $51,933,000. Charles Schwab Investment Management Inc. lifted its stake in shares of ZoomInfo Technologies by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,299,481 shares of the company’s stock worth $22,995,000 after acquiring an additional 86,382 shares during the period. Comerica Bank boosted its holdings in shares of ZoomInfo Technologies by 122.3% in the first quarter. Comerica Bank now owns 176,476 shares of the company’s stock valued at $1,765,000 after acquiring an additional 97,100 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ZoomInfo Technologies during the first quarter valued at approximately $1,506,000. Finally, Versor Investments LP raised its holdings in ZoomInfo Technologies by 677.3% during the first quarter. Versor Investments LP now owns 104,159 shares of the company’s stock worth $1,042,000 after purchasing an additional 90,759 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $9.92 on Tuesday. The stock’s fifty day simple moving average is $10.57 and its 200 day simple moving average is $10.42. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 330.78, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. KeyCorp reaffirmed an “underweight” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $11.31.

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.