Swiss National Bank Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Swiss National Bank lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,400 shares of the company's stock after selling 286,868 shares during the period. Swiss National Bank owned about 0.14% of ZoomInfo Technologies worth $10,251,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in ZoomInfo Technologies in the third quarter valued at approximately $203,000. Raymond James Financial Services Advisors Inc. lifted its position in ZoomInfo Technologies by 6.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 57,059 shares of the company's stock valued at $936,000 after acquiring an additional 3,684 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in ZoomInfo Technologies by 10.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,301,376 shares of the company's stock worth $54,143,000 after purchasing an additional 300,341 shares during the period. New York State Teachers Retirement System increased its holdings in ZoomInfo Technologies by 28.1% during the 3rd quarter. New York State Teachers Retirement System now owns 243,685 shares of the company's stock worth $3,996,000 after purchasing an additional 53,475 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of ZoomInfo Technologies by 830.8% in the 3rd quarter. Mackenzie Financial Corp now owns 165,382 shares of the company's stock valued at $2,696,000 after purchasing an additional 147,615 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded up $0.20 during mid-day trading on Monday, reaching $12.96. The company had a trading volume of 9,720,965 shares, compared to its average volume of 6,607,956. The business has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $15.82. The company has a market cap of $4.92 billion, a P/E ratio of 64.80, a P/E/G ratio of 3.28 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. On average, equities research analysts predict that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZI. UBS Group decreased their price objective on ZoomInfo Technologies from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Mizuho downgraded shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $14.00 in a report on Wednesday, May 8th. Truist Financial lifted their price objective on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, February 13th. Morgan Stanley cut their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 17th. Finally, The Goldman Sachs Group lowered ZoomInfo Technologies from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $19.50 to $12.00 in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.00.

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.