Bank of New York Mellon Corp Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bank of New York Mellon Corp lowered its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,167,002 shares of the company's stock after selling 815,859 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.63% of ZoomInfo Technologies worth $21,670,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of ZoomInfo Technologies by 35.4% in the 4th 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 last quarter. Sei Investments Co. grew its position in shares of ZoomInfo Technologies by 419.0% in the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after buying an additional 146,681 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of ZoomInfo Technologies by 983.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock worth $1,126,000 after buying an additional 102,207 shares during the last quarter. Norges Bank purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $17,042,000. Finally, GAMMA Investing LLC grew its position in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after buying an additional 1,484 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

ZI has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Barclays boosted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Morgan Stanley dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Mizuho dropped their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, DA Davidson dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Trading Down 0.4%

Shares of ZI traded down $0.04 during trading on Monday, reaching $10.41. 2,222,678 shares of the company traded hands, compared to its average volume of 7,551,024. 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 stock has a market cap of $3.56 billion, a PE ratio of 347.12, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.86. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, analysts anticipate 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.