ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by HMI Capital Management L.P.

HMI Capital Management L.P. cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,308,147 shares of the company's stock after selling 5,545,600 shares during the period. ZoomInfo Technologies accounts for approximately 3.3% of HMI Capital Management L.P.'s portfolio, making the stock its 10th largest holding. HMI Capital Management L.P. owned approximately 1.84% of ZoomInfo Technologies worth $66,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZI. Fifth Third Bancorp boosted its position in 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 buying an additional 1,241 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 raised its stake in shares of 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 purchasing an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. raised its position in 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 period. Finally, American Trust purchased a new stake in ZoomInfo Technologies in the third quarter worth about $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 0.1 %

Shares of ZoomInfo Technologies stock traded down $0.01 on Tuesday, hitting $8.70. 4,333,017 shares of the company traded hands, compared to its average volume of 7,361,116. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $2.98 billion, a PE ratio of 290.10, a PEG ratio of 13.05 and a beta of 1.00. The stock's 50 day moving average price is $9.71 and its 200-day moving average price is $10.27. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $297.64 million. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZI. Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Morgan Stanley cut their price objective on 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 decreased their target price 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. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.00.

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.