HMI Capital Management L.P. Sells 5,545,600 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

HMI Capital Management L.P. decreased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,308,147 shares of the company's stock after selling 5,545,600 shares during the period. ZoomInfo Technologies accounts for 3.3% of HMI Capital Management L.P.'s portfolio, making the stock its 10th largest position. HMI Capital Management L.P. owned approximately 1.84% of ZoomInfo Technologies worth $66,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ZI. Alberta Investment Management Corp bought a new stake in ZoomInfo Technologies during the 4th quarter valued at $2,320,000. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 1,591,960 shares in the last quarter. Sei Investments Co. raised its stake in ZoomInfo Technologies by 419.0% during the 4th 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 in the last quarter. Norges Bank acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at $17,042,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at $280,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 3.4 %

ZI traded down $0.30 during midday trading on Wednesday, hitting $8.40. 981,317 shares of the company's stock traded hands, compared to its average volume of 7,352,223. The company has a market cap of $2.88 billion, a PE ratio of 280.09, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock's fifty day simple moving average is $9.69 and its 200-day simple moving average is $10.26. 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 one year low of $7.01 and a one year high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. As a group, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Citigroup lifted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Barclays lowered their price target on ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Mizuho decreased their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.00.

About ZoomInfo Technologies

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.