ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Comerica Bank

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $116,622,000. Hood River Capital Management LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $48,336,000. Dimensional Fund Advisors LP lifted its stake 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 valued at $55,029,000 after buying an additional 2,118,297 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $19,216,000. Finally, Primecap Management Co. CA lifted its stake 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 valued at $45,949,000 after buying an additional 1,806,461 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ZI. Stifel Nicolaus boosted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note 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 research note on Tuesday, February 11th. Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. DA Davidson reduced their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company boosted their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded up $0.14 during trading hours on Monday, hitting $10.20. The company's stock had a trading volume of 5,016,563 shares, compared to its average volume of 7,252,200. The business's 50-day moving average is $9.23 and its two-hundred day moving average is $10.15. The company has a market capitalization of $3.49 billion, a PE ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39.

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, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS 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.