Zurcher Kantonalbank Zurich Cantonalbank Sells 169,915 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 73.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,071 shares of the company's stock after selling 169,915 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in ZoomInfo Technologies were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in shares of ZoomInfo Technologies by 43.3% in the fourth quarter. Mackenzie Financial Corp now owns 236,948 shares of the company's stock valued at $4,381,000 after purchasing an additional 71,566 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of ZoomInfo Technologies by 14.5% in the fourth quarter. Vontobel Holding Ltd. now owns 107,043 shares of the company's stock valued at $1,979,000 after purchasing an additional 13,532 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $1,538,000. Aquila Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 155.8% in the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company's stock valued at $4,493,000 after purchasing an additional 148,000 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of ZoomInfo Technologies by 1.8% in the fourth quarter. New York State Teachers Retirement System now owns 248,164 shares of the company's stock valued at $4,589,000 after purchasing an additional 4,479 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Morgan Stanley dropped their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 17th. Jefferies Financial Group assumed coverage on shares of ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a "buy" rating and a $20.00 price target for the company. Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Finally, The Goldman Sachs Group upped their price target on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a "neutral" rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.43.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.65 during mid-day trading on Friday, hitting $16.37. The company had a trading volume of 2,687,005 shares, compared to its average volume of 4,476,363. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The firm's 50 day simple moving average is $16.14 and its two-hundred day simple moving average is $15.93. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 60.63, a PEG ratio of 4.22 and a beta of 1.16.

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, beating the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.64 earnings per share 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.