ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 57.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,926 shares of the company’s stock after selling 16,196 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZI. Fifth Third Bancorp increased its position in shares of 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 buying an additional 646 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after buying an additional 2,939 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of ZoomInfo Technologies by 47.4% in the third quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock valued at $123,000 after buying an additional 2,415 shares in the last quarter. American Trust purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth about $175,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth about $180,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Barclays dropped their price objective 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. Jefferies Financial Group assumed coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a “buy” rating and a $20.00 price objective for the company. Truist Financial lifted their price objective on ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.43.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $16.37 on Friday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 60.63, a P/E/G ratio of 4.22 and a beta of 1.16. ZoomInfo Technologies Inc. has a 1-year low of $12.36 and a 1-year high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50-day simple moving average is $16.14 and its 200-day simple moving average is $15.94.

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. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Equities analysts predict that ZoomInfo Technologies Inc. will post 0.64 EPS for the current year.

ZoomInfo Technologies 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.