CANADA LIFE ASSURANCE Co Sells 93,050 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

CANADA LIFE ASSURANCE Co reduced its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 648,256 shares of the company's stock after selling 93,050 shares during the period. CANADA LIFE ASSURANCE Co owned 0.19% of ZoomInfo Technologies worth $6,819,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ZI. Fifth Third Bancorp lifted its holdings in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares during the last quarter. GAMMA Investing LLC raised its stake in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after acquiring an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after acquiring an additional 5,468 shares during the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies in the third quarter worth $104,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZI. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho lowered their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, DA Davidson reduced their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.16.

ZoomInfo Technologies Trading Up 3.5 %

Shares of ZI opened at $7.94 on Wednesday. The firm has a market cap of $2.72 billion, a P/E ratio of 264.75, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $16.98. The company has a 50 day simple moving average of $9.84 and a two-hundred day simple moving average of $10.30.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. On average, equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

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.

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