Geode Capital Management LLC Sells 262,931 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Geode Capital Management LLC trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,903,111 shares of the company's stock after selling 262,931 shares during the period. Geode Capital Management LLC owned approximately 1.43% of ZoomInfo Technologies worth $51,546,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after buying an additional 165,440 shares in the last quarter. Barclays PLC grew its holdings in shares of ZoomInfo Technologies by 154.7% during the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after purchasing an additional 208,015 shares in the last quarter. M&T Bank Corp grew its holdings in shares of ZoomInfo Technologies by 30.2% during the 3rd 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 in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of ZoomInfo Technologies by 11.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company's stock valued at $1,703,000 after purchasing an additional 17,060 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new position in shares of ZoomInfo Technologies in the third quarter valued at $129,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday. DA Davidson dropped their price target 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. Mizuho cut their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.58.

ZoomInfo Technologies Trading Up 0.3 %

NASDAQ ZI traded up $0.02 during trading hours on Friday, hitting $8.01. The company's stock had a trading volume of 3,872,284 shares, compared to its average volume of 7,300,391. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $16.98. The firm has a market capitalization of $2.74 billion, a P/E ratio of 267.09, a PEG ratio of 13.05 and a beta of 1.00. 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 fifty day moving average of $9.94 and a 200 day moving average of $10.32.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

About ZoomInfo Technologies

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.