Centiva Capital LP Reduces Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Centiva Capital LP reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,013 shares of the company's stock after selling 27,580 shares during the quarter. Centiva Capital LP's holdings in ZoomInfo Technologies were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZI. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. increased its holdings in ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after purchasing an additional 1,226 shares in the last quarter. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after purchasing an additional 2,294 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after purchasing an additional 2,456 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZI has been the subject of a number of research analyst reports. Barclays lifted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Citigroup boosted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Mizuho cut their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank lifted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.14 during trading on Friday, reaching $10.20. 5,016,563 shares of the stock traded hands, compared to its average volume of 7,252,200. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day moving average of $9.25 and a 200-day moving average of $10.16. The stock has a market capitalization of $3.49 billion, a P/E ratio of 340.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period in the previous year, the company posted $0.26 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.