Carlyle Group Inc. Sells 1,132,819 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Carlyle Group Inc. lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,244,474 shares of the company's stock after selling 1,132,819 shares during the quarter. ZoomInfo Technologies makes up 31.3% of Carlyle Group Inc.'s investment portfolio, making the stock its 2nd largest holding. Carlyle Group Inc. owned 9.04% of ZoomInfo Technologies worth $651,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ZI. US Bancorp DE grew its stake in ZoomInfo Technologies by 16.2% during the 1st quarter. US Bancorp DE now owns 13,497 shares of the company's stock valued at $807,000 after acquiring an additional 1,879 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of ZoomInfo Technologies by 78.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company's stock valued at $678,000 after buying an additional 4,999 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of ZoomInfo Technologies by 47.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company's stock valued at $115,000 after buying an additional 617 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of ZoomInfo Technologies by 294.1% during the 1st quarter. Panagora Asset Management Inc. now owns 24,918 shares of the company's stock valued at $1,489,000 after buying an additional 18,596 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of ZoomInfo Technologies by 10.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company's stock valued at $2,603,000 after buying an additional 4,118 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Jefferies Financial Group initiated coverage on ZoomInfo Technologies in a report on Wednesday, February 7th. They issued a "buy" rating and a $20.00 target price for the company. Royal Bank of Canada restated an "underperform" rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 13th. Finally, Morgan Stanley lowered ZoomInfo Technologies from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $24.00 to $20.00 in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $21.58.

ZoomInfo Technologies Trading Down 2.6 %

Shares of ZI traded down $0.43 during trading hours on Friday, hitting $15.83. 5,892,393 shares of the stock traded hands, compared to its average volume of 5,014,235. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies Inc. has a 1-year low of $12.36 and a 1-year high of $30.16. The firm has a market capitalization of $6.01 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. The business has a fifty day moving average of $16.28 and a 200-day moving average of $16.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that ZoomInfo Technologies Inc. will post 0.64 EPS for the current year.

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.