ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by abrdn plc

abrdn plc decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 88.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,875 shares of the company's stock after selling 763,651 shares during the period. abrdn plc's holdings in ZoomInfo Technologies were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock worth $31,000 after acquiring an additional 646 shares during the last quarter. Stifel Financial Corp raised its stake in shares of ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company's stock valued at $3,691,000 after buying an additional 1,143 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of ZoomInfo Technologies by 15.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,404 shares of the company's stock valued at $187,000 after buying an additional 1,545 shares during the last quarter. Securian Asset Management Inc. raised its stake in shares of ZoomInfo Technologies by 7.6% during the 3rd quarter. Securian Asset Management Inc. now owns 25,843 shares of the company's stock valued at $424,000 after buying an additional 1,830 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of ZoomInfo Technologies by 1.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 197,819 shares of the company's stock valued at $3,244,000 after buying an additional 2,006 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

ZI has been the subject of a number of recent research reports. KeyCorp initiated coverage on ZoomInfo Technologies in a research note on Thursday, March 21st. They set an "overweight" rating and a $20.00 price objective for the company. Piper Sandler raised their target price on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. The Goldman Sachs Group raised their target price on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. 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 report on Tuesday, February 13th. Finally, Citigroup cut ZoomInfo Technologies from a "neutral" rating to a "sell" rating and dropped their target price for the company from $20.00 to $13.00 in a research report on Thursday, February 8th. Two equities research 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. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Moderate Buy" and an average target price of $21.43.

ZoomInfo Technologies Trading Up 0.4 %

ZI traded up $0.06 during trading hours on Monday, reaching $16.43. The company's stock had a trading volume of 3,271,163 shares, compared to its average volume of 6,181,335. ZoomInfo Technologies Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $30.16. The stock has a market cap of $6.24 billion, a PE ratio of 60.63, a P/E/G ratio of 4.22 and a beta of 1.16. The business's 50-day moving average is $16.14 and its 200-day moving average is $15.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $310.62 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

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.