Corebridge Financial Inc. decreased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,152 shares of the company's stock after selling 34,271 shares during the period. Corebridge Financial Inc. owned approximately 0.09% of ZoomInfo Technologies worth $3,228,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. lifted its holdings in ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after buying an additional 1,226 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 acquiring an additional 1,241 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after acquiring an additional 2,456 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in ZoomInfo Technologies by 30.2% during the third quarter. M&T Bank Corp now owns 16,152 shares of the company's stock worth $167,000 after purchasing an additional 3,746 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
ZoomInfo Technologies Price Performance
ZI stock traded down $1.02 during trading on Thursday, hitting $8.79. The company had a trading volume of 7,106,219 shares, compared to its average volume of 7,190,620. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $10.55. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $16.98. The company has a market cap of $3.01 billion, a P/E ratio of 293.10, a P/E/G ratio of 13.05 and a beta of 0.97.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share 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 the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have weighed in on ZI. Barclays boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. 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. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.92.
Read Our Latest Stock Report on ZoomInfo Technologies
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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