ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Bwcp LP

Bwcp LP trimmed its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 62.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 403,349 shares of the company's stock after selling 666,720 shares during the period. ZoomInfo Technologies accounts for about 0.9% of Bwcp LP's investment portfolio, making the stock its 25th largest position. Bwcp LP owned approximately 0.12% of ZoomInfo Technologies worth $4,239,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Jericho Capital Asset Management L.P. acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $116,622,000. JPMorgan Chase & Co. boosted its stake in shares of ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after acquiring an additional 2,118,297 shares during the period. Hood River Capital Management LLC acquired a new position in ZoomInfo Technologies during the 4th quarter worth about $48,336,000. Finally, Primecap Management Co. CA increased its position in ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company's stock valued at $45,949,000 after purchasing an additional 1,806,461 shares during the period. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.37 on Friday, hitting $9.00. The company's stock had a trading volume of 4,881,530 shares, compared to its average volume of 7,370,072. 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 company has a 50 day moving average price of $9.63 and a 200 day moving average price of $10.23. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.67. The company has a market capitalization of $3.08 billion, a PE ratio of 300.10, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during 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, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZI has been the topic of several recent research reports. Barclays cut their price target on ZoomInfo Technologies from $13.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, DA Davidson cut their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.