ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Reduced by KBC Group NV

KBC Group NV decreased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 94.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,212 shares of the company's stock after selling 244,569 shares during the quarter. KBC Group NV's holdings in ZoomInfo Technologies were worth $132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZI. UMB Bank n.a. increased its holdings in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after purchasing an additional 1,889 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after purchasing an additional 1,484 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $107,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $109,000. Finally, Caption Management LLC increased its holdings in shares of ZoomInfo Technologies by 31.5% in 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 in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 1.1%

NASDAQ ZI traded up $0.11 during mid-day trading on Wednesday, hitting $10.15. The company's stock had a trading volume of 4,093,188 shares, compared to its average volume of 7,477,228. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The stock's fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $9.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.47 billion, a P/E ratio of 338.45, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

ZI has been the topic of a number of research reports. Barclays increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note 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 on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of 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. Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.