Harber Asset Management LLC Cuts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Harber Asset Management LLC lowered its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,350,700 shares of the company's stock after selling 87,147 shares during the quarter. ZoomInfo Technologies makes up about 4.3% of Harber Asset Management LLC's holdings, making the stock its 11th largest holding. Harber Asset Management LLC owned 0.39% of ZoomInfo Technologies worth $14,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZI. Barclays PLC boosted its holdings in ZoomInfo Technologies by 130.7% in the fourth quarter. Barclays PLC now owns 790,005 shares of the company's stock valued at $8,303,000 after purchasing an additional 447,510 shares during the period. Sterling Capital Management LLC grew its position in shares of ZoomInfo Technologies by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 18,706 shares of the company's stock valued at $197,000 after buying an additional 6,809 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter worth $2,979,000. Bank of Nova Scotia lifted its position in ZoomInfo Technologies by 2,194.3% in the fourth quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock valued at $9,387,000 after acquiring an additional 854,227 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in ZoomInfo Technologies by 3.2% in the fourth quarter. Invesco Ltd. now owns 572,867 shares of the company's stock valued at $6,021,000 after acquiring an additional 17,608 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 0.3 %

Shares of NASDAQ:ZI traded up $0.02 during trading on Friday, reaching $8.01. The stock had a trading volume of 3,872,284 shares, compared to its average volume of 7,300,391. 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 stock has a market cap of $2.74 billion, a P/E ratio of 267.09, a PEG ratio of 13.05 and a beta of 1.00. The business has a fifty day moving average price of $9.94 and a 200-day moving average price of $10.32. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98.

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 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 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, analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZI. Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Barclays boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. DA Davidson cut their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group boosted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average target price of $11.58.

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.