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

KBC Group NV reduced its stake in shares of 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 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 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ZI. JPMorgan Chase & Co. boosted its position in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the period. Sei Investments Co. boosted its holdings in shares of ZoomInfo Technologies by 419.0% during the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company's stock valued at $1,910,000 after acquiring an additional 146,681 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of ZoomInfo Technologies by 983.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock worth $1,126,000 after acquiring an additional 102,207 shares during the last quarter. Norges Bank bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $17,042,000. Finally, GAMMA Investing LLC lifted its position in 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 during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler raised their price target 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. Wells Fargo & Company raised their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Morgan Stanley decreased their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. DA Davidson lowered their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Mizuho reduced 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. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of ZI traded down $0.06 during midday trading on Friday, reaching $10.37. The stock had a trading volume of 2,807,557 shares, compared to its average volume of 7,471,709. The firm's 50 day moving average price is $9.82 and its 200-day moving average price is $9.88. The company has a market capitalization of $3.55 billion, a P/E ratio of 345.78, 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 current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $295.60 million. During the same period in the previous year, the firm earned $0.26 earnings per share. ZoomInfo Technologies's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal 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.