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

Cresset Asset Management LLC trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 64.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jericho Capital Asset Management L.P. acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $116,622,000. Hood River Capital Management LLC acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $48,336,000. Dimensional Fund Advisors LP grew its holdings in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after acquiring an additional 2,118,297 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $19,216,000. Finally, Primecap Management Co. CA grew its holdings in shares of ZoomInfo Technologies by 70.4% in the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock worth $45,949,000 after acquiring an additional 1,806,461 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZI shares. Canaccord Genuity Group upped their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. 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. Mizuho dropped their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley dropped their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Down 0.7%

Shares of NASDAQ ZI traded down $0.07 during mid-day trading on Friday, reaching $9.48. The company had a trading volume of 2,798,382 shares, compared to its average volume of 7,337,521. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.24 billion, a PE ratio of 316.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock's 50 day moving average is $9.17 and its 200-day moving average is $10.11.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, topping 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 business had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period in the prior year, the business posted $0.26 earnings per share. ZoomInfo Technologies's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

ZoomInfo Technologies 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.