Voloridge Investment Management LLC Trims Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Voloridge Investment Management LLC reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 16.7% during the fourth 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 1.05% of ZoomInfo Technologies worth $37,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZI. Fifth Third Bancorp grew its stake 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 worth $40,000 after purchasing an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC grew its stake 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 worth $64,000 after purchasing an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its stake 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 worth $89,000 after purchasing an additional 5,468 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of ZoomInfo Technologies in the fourth quarter worth about $107,000. Finally, Caption Management LLC boosted 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 acquiring an additional 2,523 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.07 during midday trading on Tuesday, hitting $9.48. 2,798,382 shares of the stock traded hands, compared to its average volume of 7,337,521. The firm has a 50-day moving average of $9.14 and a two-hundred day moving average of $10.08. The firm has a market capitalization of $3.24 billion, a P/E ratio of 316.11, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39.

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 the consensus estimate of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

ZI has been the topic of several research reports. Mizuho cut their price objective 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. Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Piper Sandler lifted their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Barclays lifted 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. Finally, Morgan Stanley cut their price objective 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 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.63.

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.