ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,875,312 shares of the company's stock after selling 1,244,979 shares during the quarter. Vanguard Group Inc. owned about 8.12% of ZoomInfo Technologies worth $292,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZI. Fifth Third Bancorp lifted its position 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 worth $40,000 after purchasing an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew its stake in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% during 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 during the period. SRS Capital Advisors Inc. raised its stake in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $104,000. Institutional investors own 95.47% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

ZI has been the topic of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and increased their target price for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Citigroup boosted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Barclays raised their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 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 given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded up $0.23 during trading on Monday, hitting $7.76. 9,634,854 shares of the stock traded hands, compared to its average volume of 7,202,185. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $10.52. ZoomInfo Technologies Inc. has a 52-week low of $7.02 and a 52-week high of $16.98. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 258.75, a P/E/G ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

ZoomInfo Technologies 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.