Advantage Alpha Capital Partners LP Sells 33,839 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Advantage Alpha Capital Partners LP lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,722 shares of the company's stock after selling 33,839 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.09% of ZoomInfo Technologies worth $3,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ZI. Alberta Investment Management Corp bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $2,320,000. Victory Capital Management Inc. raised its position in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock worth $1,689,000 after purchasing an additional 74,455 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in ZoomInfo Technologies in the 4th quarter worth approximately $280,000. State Street Corp lifted its holdings in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after buying an additional 165,440 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in ZoomInfo Technologies in the 3rd quarter valued at $895,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.76 during midday trading on Friday, hitting $10.05. 6,309,876 shares of the company's stock were exchanged, compared to its average volume of 7,187,796. 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 market capitalization of $3.44 billion, a PE ratio of 335.11, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $16.98. The company's 50 day moving average price is $10.58 and its 200 day moving average price is $10.56.

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ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZI has been the topic of several research reports. Citigroup upped their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Scotiabank upped their target price 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. Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. 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. According to MarketBeat, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies 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.