ZoomInfo Technologies Inc. (NASDAQ:ZI) Position Decreased by Fmr LLC

Fmr LLC reduced its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 48.8% during the fourth quarter, Holdings Channel reports. The firm owned 16,938,251 shares of the company’s stock after selling 16,115,171 shares during the period. Fmr LLC’s holdings in ZoomInfo Technologies were worth $178,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. grew its position in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares in the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at $104,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Trading Up 1.1 %

Shares of ZI stock opened at $7.93 on Friday. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The company has a market cap of $2.71 billion, a PE ratio of 264.42, a price-to-earnings-growth 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 business’s 50 day moving average is $10.16 and its two-hundred day moving average is $10.40.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of research analyst reports. Scotiabank lifted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Barclays raised their price target 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. Morgan Stanley upped their price objective 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. Finally, Citigroup lifted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.92.

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.