Nuveen Asset Management LLC Has $10.14 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Nuveen Asset Management LLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 964,343 shares of the company's stock after selling 46,018 shares during the period. Nuveen Asset Management LLC owned about 0.28% of ZoomInfo Technologies worth $10,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZI. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after purchasing an additional 5,468 shares during the period. Catalyst Funds Management Pty Ltd purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $107,000. Finally, Caption Management LLC grew its position in ZoomInfo Technologies by 31.5% during the 4th 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 last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ZI. Stifel Nicolaus upped their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Citigroup increased their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Scotiabank raised their price target 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. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Up 2.5%

ZoomInfo Technologies stock traded up $0.23 during midday trading on Friday, hitting $9.55. The stock had a trading volume of 5,613,932 shares, compared to its average volume of 7,393,437. The company has a current ratio of 0.63, a quick 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 business has a fifty day moving average price of $9.03 and a 200 day moving average price of $10.02. The stock has a market cap of $3.27 billion, a P/E ratio of 318.44, a P/E/G ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The company 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 company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.