ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964,343 shares of the company's stock after selling 46,018 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of ZoomInfo Technologies worth $10,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock valued at $89,000 after purchasing an additional 5,468 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at about $107,000. Finally, Caption Management LLC increased its holdings in shares of ZoomInfo Technologies by 31.5% in the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock valued at $111,000 after purchasing an additional 2,523 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded down $0.31 during midday trading on Thursday, hitting $9.52. The stock had a trading volume of 4,104,316 shares, compared to its average volume of 7,373,148. The company has a market capitalization of $3.26 billion, a PE ratio of 317.44, a P/E/G ratio of 13.05 and a beta of 1.02. The stock has a 50 day simple moving average of $9.10 and a 200-day simple moving average of $10.08. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. 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 (NASDAQ:ZI - Get Free Report) last released its 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 business had revenue of $305.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson lowered their target price 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 lowered their target price 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. Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered 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. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.63.

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.