XTX Topco Ltd Cuts Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

XTX Topco Ltd lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 68.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,229 shares of the company's stock after selling 59,466 shares during the quarter. XTX Topco Ltd's holdings in ZoomInfo Technologies were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of ZoomInfo Technologies by 343.1% in 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 last quarter. SRS Capital Advisors Inc. grew its position in 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 during the period. Finally, American Trust acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

ZI traded down $0.01 during trading hours on Tuesday, hitting $8.70. The stock had a trading volume of 4,333,047 shares, compared to its average volume of 7,361,116. The stock has a market cap of $2.98 billion, a PE ratio of 290.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $16.98. 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's fifty day simple moving average is $9.71 and its 200 day simple moving average is $10.27.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued 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 business had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on ZI shares. Scotiabank lifted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Canaccord Genuity Group boosted their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Barclays cut their price objective on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Five 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's stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and an average price target 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.