ZoomInfo Technologies Inc. (NASDAQ:ZI) Holdings Decreased by Cerity Partners LLC

Cerity Partners LLC decreased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 73.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,930 shares of the company’s stock after selling 312,116 shares during the quarter. Cerity Partners LLC’s holdings in ZoomInfo Technologies were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 64.2% in the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares in the last quarter. Advisors Asset Management Inc. grew its stake in ZoomInfo Technologies by 84.7% in the third quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares in the last quarter. Advisory Services Network LLC grew its stake in ZoomInfo Technologies by 222.2% in the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. Comerica Bank purchased a new position in ZoomInfo Technologies in the second quarter valued at about $42,000. Finally, UniSuper Management Pty Ltd purchased a new position in ZoomInfo Technologies in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ZI. Piper Sandler boosted their price target on ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Bank of America raised ZoomInfo Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Barclays reduced their price target on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley reduced their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Trading Down 1.5 %

ZoomInfo Technologies stock opened at $15.53 on Friday. The business has a 50 day moving average price of $16.30 and a two-hundred day moving average price of $15.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 4.06 and a beta of 1.16. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.64 EPS for the current year.

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.