Marshall Wace LLP Sells 1,140,505 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Marshall Wace LLP reduced its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 85.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,443 shares of the company's stock after selling 1,140,505 shares during the period. Marshall Wace LLP owned about 0.06% of ZoomInfo Technologies worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of ZoomInfo Technologies by 47.8% in the 4th 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 last quarter. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC increased its position in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. raised its holdings in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, American Trust bought a new position in ZoomInfo Technologies during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Citigroup boosted 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. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus price target of $11.00.

ZoomInfo Technologies Stock Up 0.7 %

ZI stock opened at $8.79 on Monday. The firm has a market capitalization of $3.01 billion, a PE ratio of 293.10, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $16.98. The stock's 50 day moving average is $9.74 and its 200-day moving average is $10.28.

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

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