Vanguard Group Inc. Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Vanguard Group Inc. lessened its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,875,312 shares of the company's stock after selling 1,244,979 shares during the quarter. Vanguard Group Inc. owned 8.12% of ZoomInfo Technologies worth $292,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after acquiring an additional 1,226 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after acquiring an additional 1,241 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of ZoomInfo Technologies by 22.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after purchasing an additional 2,456 shares during the last quarter. Finally, M&T Bank Corp lifted its position in ZoomInfo Technologies by 30.2% during the third quarter. M&T Bank Corp now owns 16,152 shares of the company's stock valued at $167,000 after purchasing an additional 3,746 shares during the period. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Stifel Nicolaus upped their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.92.

ZoomInfo Technologies Trading Up 15.5 %

NASDAQ:ZI traded up $1.15 during midday trading on Wednesday, hitting $8.56. 14,423,466 shares of the company traded hands, compared to its average volume of 7,261,555. The firm has a market capitalization of $2.93 billion, a P/E ratio of 285.43, a P/E/G ratio of 13.05 and a beta of 1.00. The firm's fifty day moving average is $10.26 and its 200-day moving average is $10.43. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $16.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS 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.