Cerity Partners LLC Has $2.13 Million Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC decreased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 73.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 114,930 shares of the company's stock after selling 312,116 shares during the quarter. Cerity Partners LLC's holdings in ZoomInfo Technologies were worth $2,125,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock valued at $31,000 after buying an additional 646 shares during the period. Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 84.7% in the third quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company's stock valued at $31,000 after acquiring an additional 876 shares during the period. Advisory Services Network LLC lifted its stake in ZoomInfo Technologies by 222.2% during the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company's stock worth $36,000 after purchasing an additional 1,000 shares during the period. Comerica Bank acquired a new stake in ZoomInfo Technologies during the second quarter valued at approximately $42,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 1.5 %

Shares of ZI traded down $0.24 during trading hours on Friday, reaching $15.53. The stock had a trading volume of 3,766,709 shares, compared to its average volume of 4,520,339. The company has a market cap of $5.90 billion, a P/E ratio of 57.52, a P/E/G ratio of 4.06 and a beta of 1.16. ZoomInfo Technologies Inc. has a 52 week low of $12.36 and a 52 week high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $16.30 and a 200 day moving average of $15.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. During the same period in the prior year, the company earned $0.13 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZI. The Goldman Sachs Group boosted their price target on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Citigroup lowered ZoomInfo Technologies from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. KeyCorp started coverage on ZoomInfo Technologies in a research note on Thursday, March 21st. They issued an "overweight" rating and a $20.00 price objective on the stock. Stifel Nicolaus raised their target price on ZoomInfo Technologies from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. Finally, Bank of America raised ZoomInfo Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $20.00 to $25.00 in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.43.

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.