XTX Topco Ltd Sells 59,466 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

XTX Topco Ltd lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,229 shares of the company's stock after selling 59,466 shares during the period. XTX Topco Ltd's holdings in ZoomInfo Technologies were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its position in ZoomInfo Technologies by 130.7% during the fourth quarter. Barclays PLC now owns 790,005 shares of the company's stock valued at $8,303,000 after buying an additional 447,510 shares during the period. Sterling Capital Management LLC increased its stake in shares of ZoomInfo Technologies by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 18,706 shares of the company's stock worth $197,000 after acquiring an additional 6,809 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in ZoomInfo Technologies during the fourth quarter valued at $2,979,000. Bank of Nova Scotia increased its position in ZoomInfo Technologies by 2,194.3% in the 4th quarter. Bank of Nova Scotia now owns 893,156 shares of the company's stock worth $9,387,000 after purchasing an additional 854,227 shares during the last quarter. Finally, Invesco Ltd. raised its position in ZoomInfo Technologies by 3.2% during the fourth quarter. Invesco Ltd. now owns 572,867 shares of the company's stock valued at $6,021,000 after acquiring an additional 17,608 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

ZI traded down $0.31 during trading on Wednesday, hitting $8.39. The stock had a trading volume of 1,353,797 shares, compared to its average volume of 7,354,041. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $16.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 279.76, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a 50 day moving average price of $9.69 and a 200-day moving average price of $10.26.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Piper Sandler decreased their price target on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Citigroup upped their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Barclays dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Five research 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, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $11.00.

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.