Amundi Sells 119,080 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Amundi cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 845,301 shares of the company's stock after selling 119,080 shares during the period. Amundi owned approximately 0.25% of ZoomInfo Technologies worth $8,123,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the period. State Street Corp raised its stake in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Maverick Capital Ltd. bought a new stake in ZoomInfo Technologies during the third quarter worth about $44,248,000. Finally, Primecap Management Co. CA lifted its position in ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock worth $26,475,000 after purchasing an additional 1,267,171 shares during the period. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZI. KeyCorp cut shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.92.

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ZoomInfo Technologies Trading Up 3.1 %

Shares of ZoomInfo Technologies stock traded up $0.33 during trading on Wednesday, hitting $10.82. The company's stock had a trading volume of 3,877,794 shares, compared to its average volume of 6,980,371. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 360.62, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $16.98. The stock has a 50-day moving average price of $10.42 and a two-hundred day moving average price of $10.51. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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

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.