abrdn plc Sells 763,651 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

abrdn plc reduced its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 88.3% in the fourth quarter, Holdings Channel reports. The firm owned 100,875 shares of the company’s stock after selling 763,651 shares during the quarter. abrdn plc’s holdings in ZoomInfo Technologies were worth $1,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ZI. Fifth Third Bancorp grew its stake 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 worth $31,000 after acquiring an additional 646 shares during the period. International Assets Investment Management LLC grew its stake 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 worth $61,000 after acquiring an additional 2,939 shares during the period. Banque Cantonale Vaudoise grew its stake 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 worth $123,000 after acquiring an additional 2,415 shares during the period. American Trust bought a new stake in shares of ZoomInfo Technologies in the third quarter worth approximately $175,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of ZoomInfo Technologies in the third quarter worth approximately $180,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZI has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Barclays cut their target price on shares of 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. DA Davidson boosted their target price on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Royal Bank of Canada restated an “underperform” rating and set a $14.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Finally, KeyCorp initiated coverage on shares of ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $16.37 on Monday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 60.63, a P/E/G ratio of 4.22 and a beta of 1.16. The firm has a fifty day moving average price of $16.14 and a 200 day moving average price of $15.93. ZoomInfo Technologies Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results 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 company had revenue of $316.40 million during the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. ZoomInfo Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal 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.