Man Group plc Reduces Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Man Group plc trimmed its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 24.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ZI. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock worth $380,000 after buying an additional 1,226 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares during the period. State of Tennessee Department of Treasury grew its stake in ZoomInfo Technologies by 2.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock valued at $1,008,000 after acquiring an additional 2,294 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in ZoomInfo Technologies by 22.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Caption Management LLC boosted its holdings in 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 during the period. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank raised their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. DA Davidson decreased 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 report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Citigroup increased their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised 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 report on Tuesday, May 13th. Four investment 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 has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Down 2.0%

Shares of ZI traded down $0.20 during trading hours on Wednesday, hitting $9.70. The company had a trading volume of 7,868,736 shares, compared to its average volume of 7,267,051. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.32 billion, a PE ratio of 323.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The company's fifty day moving average price is $9.22 and its two-hundred day moving average price is $10.15.

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 the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. 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.