KBC Group NV Sells 244,569 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

KBC Group NV cut its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 94.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,212 shares of the company's stock after selling 244,569 shares during the period. KBC Group NV's holdings in ZoomInfo Technologies were worth $132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after buying an additional 1,889 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after purchasing an additional 1,484 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $107,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $109,000. Finally, Caption Management LLC boosted its holdings in shares of ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company's stock worth $111,000 after purchasing an additional 2,523 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZI. Piper Sandler increased their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Mizuho lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. DA Davidson lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company raised their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Down 2.1%

Shares of ZI traded down $0.22 on Tuesday, hitting $10.04. 4,491,171 shares of the stock traded hands, compared to its average volume of 7,492,401. The company has a market capitalization of $3.44 billion, a PE ratio of 334.78, 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 quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day simple moving average of $9.73 and a 200 day simple moving average of $9.88. 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 announced 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 the consensus estimate of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. As a group, equities analysts forecast 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.