ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,800 shares of the company's stock after selling 48,045 shares during the quarter. New York State Common Retirement Fund owned 0.05% of ZoomInfo Technologies worth $3,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in ZoomInfo Technologies by 180.0% in the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company's stock worth $227,303,000 after purchasing an additional 8,909,420 shares during the period. Cadian Capital Management LP increased its position in shares of ZoomInfo Technologies by 110.7% in the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company's stock valued at $160,156,000 after acquiring an additional 5,131,000 shares during the period. Vanguard Group Inc. increased its position in shares of ZoomInfo Technologies by 6.6% in the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company's stock valued at $553,356,000 after acquiring an additional 2,079,385 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ZoomInfo Technologies by 99.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,989,440 shares of the company's stock valued at $32,627,000 after acquiring an additional 990,077 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of ZoomInfo Technologies by 275.9% in the fourth quarter. Federated Hermes Inc. now owns 1,004,508 shares of the company's stock valued at $18,573,000 after acquiring an additional 737,256 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ZI. Bank of America upgraded shares of ZoomInfo Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $25.00 in a research report on Monday, January 29th. KeyCorp assumed coverage on shares of ZoomInfo Technologies in a research note on Thursday, March 21st. They set an "overweight" rating and a $20.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Finally, Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. 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. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $21.43.

ZoomInfo Technologies Stock Performance

Shares of ZI traded up $0.50 during mid-day trading on Monday, hitting $16.62. 7,219,201 shares of the company traded hands, compared to its average volume of 6,153,304. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day moving average price of $16.04 and a two-hundred day moving average price of $15.90. ZoomInfo Technologies Inc. has a 1 year low of $12.36 and a 1 year high of $30.16. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 61.56, a P/E/G ratio of 4.15 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share 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 firm had revenue of $316.40 million during the quarter, compared to analysts' expectations of $310.62 million. During the same period in the previous year, the company earned $0.13 earnings per share. The firm's quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current 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.