Man Group plc Has $30.67 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Man Group plc lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,917,837 shares of the company's stock after selling 942,972 shares during the period. Man Group plc owned approximately 0.85% of ZoomInfo Technologies worth $30,666,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Jericho Capital Asset Management L.P. bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $116,622,000. Deutsche Bank AG raised its holdings in ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after acquiring an additional 10,181,253 shares during the period. JPMorgan Chase & Co. raised its holdings in ZoomInfo Technologies by 35.4% during the fourth 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 during the period. Dimensional Fund Advisors LP increased its holdings in shares of ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in ZoomInfo Technologies in the fourth quarter worth about $48,336,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZI shares. Mizuho lowered their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Barclays raised their price target 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 decreased their target price 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. Finally, Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Up 1.4%

Shares of ZoomInfo Technologies stock traded up $0.14 during midday trading on Monday, hitting $10.20. The company's stock had a trading volume of 5,016,563 shares, compared to its average volume of 7,252,200. The firm has a market capitalization of $3.49 billion, a P/E ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02. The stock has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $10.16. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released 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 firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current 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.