ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by BIT Capital GmbH

Key Points

• BIT Capital GmbH drastically reduced its stake in ZoomInfo Technologies by 95.4%, selling 558,508 shares during the first quarter and ending with a holding of 26,663 shares valued at $267,000.
• Several institutional investors have increased their positions in ZoomInfo, with LSV Asset Management leading the way by raising its holdings by 2,528.2%.
• ZoomInfo Technologies reported quarterly earnings of $0.23 EPS, slightly exceeding expectations, but its revenue declined 1.4% year-over-year, totaling $305.70 million.

BIT Capital GmbH decreased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 95.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,663 shares of the company's stock after selling 558,508 shares during the period. BIT Capital GmbH's holdings in ZoomInfo Technologies were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in ZoomInfo Technologies by 419.0% in the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after acquiring an additional 146,681 shares in the last quarter. 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 last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in ZoomInfo Technologies by 983.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock worth $1,126,000 after purchasing an additional 102,207 shares in the last quarter. Norges Bank purchased a new position in ZoomInfo Technologies during the fourth quarter worth about $17,042,000. Finally, GAMMA Investing LLC raised its position in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after purchasing an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler upped their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Mizuho cut their price target 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. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. 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 note on Wednesday, April 16th. Finally, Wells Fargo & Company raised their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and a consensus price target of $11.00.

ZoomInfo Technologies Trading Up 4.0%

ZoomInfo Technologies stock traded up $0.39 during trading on Thursday, hitting $10.19. The company had a trading volume of 8,971,147 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company's 50 day simple moving average is $10.20 and its 200-day simple moving average is $9.93. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 339.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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

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.