Federated Hermes Inc. Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Federated Hermes Inc. lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 876,818 shares of the company's stock after selling 53,985 shares during the period. Federated Hermes Inc. owned approximately 0.26% of ZoomInfo Technologies worth $9,215,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in 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 acquiring an additional 1,160 shares in the last quarter. Xponance Inc. lifted its holdings in shares of ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after purchasing an additional 1,226 shares in the last quarter. 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. PNC Financial Services Group Inc. boosted its position in shares of ZoomInfo Technologies by 22.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after buying an additional 2,456 shares during the last quarter. Finally, M&T Bank Corp grew its holdings 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 buying an additional 3,746 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZI shares. Morgan Stanley lifted their price objective 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. Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. DA Davidson reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup lifted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.74.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.10 during mid-day trading on Wednesday, reaching $8.18. The company's stock had a trading volume of 991,417 shares, compared to its average volume of 7,255,180. The firm's fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $16.98. The company has a market capitalization of $2.80 billion, a P/E ratio of 272.59, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted 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 return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Sell-side analysts predict 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.