Bank of New York Mellon Corp lowered its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,982,861 shares of the company's stock after selling 209,006 shares during the quarter. Bank of New York Mellon Corp owned 0.87% of ZoomInfo Technologies worth $31,350,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Impax Asset Management Group plc acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $677,000. Handelsbanken Fonder AB grew its stake in ZoomInfo Technologies by 27.7% in the fourth quarter. Handelsbanken Fonder AB now owns 69,600 shares of the company's stock valued at $731,000 after purchasing an additional 15,100 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $2,320,000. State of New Jersey Common Pension Fund D raised its stake in shares of ZoomInfo Technologies by 4.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 212,037 shares of the company's stock worth $2,229,000 after purchasing an additional 9,631 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of ZoomInfo Technologies by 8,412.3% during the 4th quarter. Blue Trust Inc. now owns 16,599 shares of the company's stock worth $174,000 after purchasing an additional 16,404 shares in the last quarter. 95.47% of the stock is owned by institutional investors.
ZoomInfo Technologies Price Performance
Shares of NASDAQ ZI traded down $0.11 during mid-day trading on Wednesday, reaching $10.92. The company had a trading volume of 3,861,403 shares, compared to its average volume of 7,455,401. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 362.79, a PEG ratio of 13.05 and a beta of 0.97. The business's 50-day simple moving average is $10.40 and its 200 day simple moving average is $10.48. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.16 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 firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. On average, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on ZI shares. Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note 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. Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group upped their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.92.
Get Our Latest Stock Analysis on ZI
ZoomInfo Technologies Profile
(
Free Report)
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.
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