ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 332,463 shares of the company's stock after selling 52,362 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of ZoomInfo Technologies worth $3,325,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. raised its holdings in ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares in the last quarter. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 28.8% in the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after acquiring an additional 1,484 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in ZoomInfo Technologies in the fourth quarter worth $107,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth $109,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded down $0.03 on Thursday, hitting $9.74. The company had a trading volume of 3,918,687 shares, compared to its average volume of 7,532,575. 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's fifty day moving average price is $9.26 and its 200-day moving average price is $9.97. The company has a market capitalization of $3.33 billion, a PE ratio of 324.77, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39.

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

Analysts Set New Price Targets

Several equities analysts recently commented on ZI shares. Morgan Stanley decreased their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Barclays raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, DA Davidson decreased their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Four investment 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. According to data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Company 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.