Deutsche Bank AG reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,558,588 shares of the company's stock after selling 2,670,363 shares during the quarter. Deutsche Bank AG owned about 2.21% of ZoomInfo Technologies worth $75,586,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. lifted its stake in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after acquiring an additional 1,889 shares in the last quarter. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 28.8% in the 1st 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. US Bancorp DE lifted its stake in ZoomInfo Technologies by 32.9% in the 1st quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after acquiring an additional 2,092 shares in the last quarter. Allegiance Financial Group Advisory Services LLC bought a new stake in ZoomInfo Technologies in the 1st quarter valued at approximately $103,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in ZoomInfo Technologies in the 4th quarter valued at approximately $109,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. DA Davidson dropped their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Mizuho dropped their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Barclays upped their price objective 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. Piper Sandler upped their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Analysis on ZoomInfo Technologies
ZoomInfo Technologies Trading Down 2.9%
ZoomInfo Technologies stock traded down $0.28 during trading hours on Tuesday, hitting $9.54. The stock had a trading volume of 6,721,666 shares, compared to its average volume of 7,578,001. 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 $3.27 billion, a price-to-earnings ratio of 318.11, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The business's 50 day simple moving average is $10.24 and its 200-day simple moving average is $9.93.
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 the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.
About ZoomInfo Technologies
(
Free Report)
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.
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