ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Lessened by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,612,238 shares of the company's stock after selling 724,900 shares during the quarter. Voloridge Investment Management LLC owned approximately 1.05% of ZoomInfo Technologies worth $37,965,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 in the last quarter. SRS Capital Advisors Inc. grew its holdings in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after buying an additional 5,468 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in ZoomInfo Technologies in the 4th quarter worth approximately $107,000. Finally, Caption Management LLC grew its holdings in ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after buying an additional 2,523 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZI. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Piper Sandler increased their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, DA Davidson decreased their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Four equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded down $0.07 on Friday, reaching $9.48. 2,798,382 shares of the company traded hands, compared to its average volume of 7,337,521. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company's 50 day moving average is $9.17 and its 200-day moving average is $10.12. The stock has a market capitalization of $3.24 billion, a PE ratio of 316.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $295.60 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, 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.