ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,797 shares of the company's stock after selling 77,234 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in ZoomInfo Technologies were worth $923,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company's stock valued at $3,534,000 after purchasing an additional 208,015 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in ZoomInfo Technologies in the third quarter valued at approximately $129,000. American Trust acquired a new position in ZoomInfo Technologies in the third quarter valued at approximately $104,000. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 29.1% in 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. Finally, Everence Capital Management Inc. acquired a new position in ZoomInfo Technologies in the fourth quarter valued at approximately $163,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded up $0.07 during midday trading on Thursday, hitting $8.63. The stock had a trading volume of 3,374,045 shares, compared to its average volume of 7,358,451. 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 Inc. has a 1 year low of $7.01 and a 1 year high of $16.98. The stock has a 50 day moving average price of $9.66 and a two-hundred day moving average price of $10.25. The company has a market capitalization of $2.95 billion, a PE ratio of 287.76, a P/E/G ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $297.64 million. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZI. Mizuho lowered their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, DA Davidson lowered their price objective on shares of 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.00.

ZoomInfo Technologies Company Profile

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.