Cresset Asset Management LLC Sells 28,199 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cresset Asset Management LLC reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 64.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,640 shares of the company's stock after selling 28,199 shares during the period. Cresset Asset Management LLC's holdings in ZoomInfo Technologies were worth $164,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after buying an additional 208,015 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after buying an additional 4,735 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after buying an additional 1,241 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of ZoomInfo Technologies by 10,586.7% in the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock worth $215,000 after buying an additional 20,644 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 2,644.4% in the 4th quarter. KBC Group NV now owns 257,781 shares of the company's stock worth $2,709,000 after buying an additional 248,388 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Stifel Nicolaus upped 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. Finally, Wells Fargo & Company increased their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.20 on Thursday, reaching $9.70. The company's stock had a trading volume of 7,868,736 shares, compared to its average volume of 7,285,266. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a market capitalization of $3.32 billion, a P/E ratio of 323.44, a PEG ratio of 13.05 and a beta of 1.02. The stock's 50 day simple moving average is $9.21 and its 200-day simple moving average is $10.15.

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