S Squared Technology LLC cut its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after selling 60,200 shares during the period. S Squared Technology LLC's holdings in ZoomInfo Technologies were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in ZI. Primecap Management Co. CA increased its holdings in shares of ZoomInfo Technologies by 70.4% in the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock valued at $45,949,000 after acquiring an additional 1,806,461 shares during the period. Norges Bank purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at about $17,042,000. JPMorgan Chase & Co. boosted its holdings in shares of ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after buying an additional 1,591,960 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of ZoomInfo Technologies by 304.5% during the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after acquiring an additional 1,067,299 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in ZoomInfo Technologies by 2,194.3% in the fourth quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock valued at $9,387,000 after acquiring an additional 854,227 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Analysts Set New Price Targets
ZI has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday. Scotiabank boosted their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. DA Davidson decreased their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Mizuho cut 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.16.
Check Out Our Latest Research Report on ZI
ZoomInfo Technologies Price Performance
Shares of NASDAQ:ZI traded up $0.20 during midday trading on Tuesday, hitting $7.87. The company's stock had a trading volume of 1,475,719 shares, compared to its average volume of 7,101,304. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $16.98. The company has a market cap of $2.69 billion, a P/E ratio of 262.25, 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 quick ratio of 0.63 and a current ratio of 0.63. The business's 50 day simple moving average is $9.89 and its 200 day simple moving average is $10.32.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.
About ZoomInfo Technologies
(
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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