Duquesne Family Office LLC Decreases Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Duquesne Family Office LLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,761,926 shares of the company's stock after selling 378,800 shares during the quarter. Duquesne Family Office LLC owned about 0.51% of ZoomInfo Technologies worth $18,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ZI. Jericho Capital Asset Management L.P. purchased a new stake in ZoomInfo Technologies during the fourth quarter valued at about $116,622,000. Hood River Capital Management LLC purchased a new stake in ZoomInfo Technologies during the fourth quarter valued at about $48,336,000. Dimensional Fund Advisors LP raised its position in ZoomInfo Technologies by 67.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after purchasing an additional 2,118,297 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in ZoomInfo Technologies during the fourth quarter valued at about $19,216,000. Finally, Primecap Management Co. CA raised its position in ZoomInfo Technologies by 70.4% during the fourth 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 in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZI. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company cut their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup raised their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Scotiabank raised their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Finally, Mizuho cut their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.19.

ZoomInfo Technologies Stock Up 7.2%

Shares of ZI stock traded up $0.68 during trading hours on Monday, hitting $10.03. 4,891,001 shares of the company's stock traded hands, compared to its average volume of 7,183,109. The stock's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $10.18. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.67. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 335.58, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced 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). 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 during the quarter, compared to analysts' expectations of $297.64 million. On average, analysts expect 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.