Voya Investment Management LLC Sells 42,646 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Voya Investment Management LLC trimmed its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,580 shares of the company's stock after selling 42,646 shares during the quarter. Voya Investment Management LLC owned 0.09% of ZoomInfo Technologies worth $3,359,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares during the last quarter. GAMMA Investing LLC boosted its position 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 buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. raised its position in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after buying an additional 5,468 shares during the last quarter. Finally, American Trust bought a new position in ZoomInfo Technologies during the 3rd quarter valued at about $104,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZI has been the subject of several research reports. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Piper Sandler dropped their price target on ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. DA Davidson cut their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Barclays dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.00.

ZoomInfo Technologies Price Performance

ZI stock opened at $8.63 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company's fifty day moving average price is $9.64 and its 200-day moving average price is $10.24. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $16.98. The company has a market capitalization of $2.95 billion, a PE ratio of 287.76, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00.

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

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