Kerrisdale Advisers LLC Has $3.27 Million Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Kerrisdale Advisers LLC reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,343 shares of the company's stock after selling 51,952 shares during the quarter. ZoomInfo Technologies comprises approximately 1.1% of Kerrisdale Advisers LLC's holdings, making the stock its 24th largest position. Kerrisdale Advisers LLC owned 0.09% of ZoomInfo Technologies worth $3,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares during the last quarter. Hood River Capital Management LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth $48,336,000. Primecap Management Co. CA grew its stake in ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after buying an additional 1,806,461 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in ZoomInfo Technologies by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company's stock worth $23,260,000 after buying an additional 19,083 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Mizuho reduced their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price target 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. Morgan Stanley reduced their price target 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. Finally, Scotiabank boosted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.

ZoomInfo Technologies Trading Down 0.9 %

Shares of ZoomInfo Technologies stock traded down $0.08 on Tuesday, reaching $8.64. 1,495,823 shares of the company were exchanged, compared to its average volume of 7,349,983. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 287.93, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. 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 stock has a fifty day moving average price of $9.71 and a 200-day moving average price of $10.27.

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

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.