ZoomInfo Technologies Inc. (NASDAQ:ZI) Holdings Lowered by Comerica Bank

Comerica Bank trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,376 shares of the company's stock after selling 55,808 shares during the period. Comerica Bank's holdings in ZoomInfo Technologies were worth $834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jericho Capital Asset Management L.P. acquired a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at approximately $116,622,000. JPMorgan Chase & Co. increased its position in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares during the period. Hood River Capital Management LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter worth $48,336,000. Finally, Primecap Management Co. CA increased its position in ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after buying an additional 1,806,461 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson dropped their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group increased their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Finally, Morgan Stanley dropped their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Price Performance

ZI stock traded up $0.14 during trading hours on Friday, hitting $10.20. 5,016,563 shares of the stock traded hands, compared to its average volume of 7,243,271. The stock has a 50-day simple moving average of $9.25 and a 200 day simple moving average of $10.17. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.65. The company has a market cap of $3.49 billion, a P/E ratio of 340.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. During the same quarter last year, the business posted $0.26 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current 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.