Yousif Capital Management LLC Decreases Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Yousif Capital Management LLC lowered its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 137,754 shares of the company’s stock after selling 2,893 shares during the quarter. Yousif Capital Management LLC’s holdings in ZoomInfo Technologies were worth $2,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $43,000. Handelsbanken Fonder AB increased its position in ZoomInfo Technologies by 14.3% during the fourth quarter. Handelsbanken Fonder AB now owns 50,300 shares of the company’s stock worth $930,000 after buying an additional 6,300 shares during the period. Institute for Wealth Management LLC. purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $297,000. Cornerstone Investment Partners LLC boosted its holdings in shares of ZoomInfo Technologies by 26.0% in the fourth quarter. Cornerstone Investment Partners LLC now owns 24,918 shares of the company’s stock valued at $461,000 after acquiring an additional 5,135 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of ZoomInfo Technologies by 275.9% during the fourth quarter. Federated Hermes Inc. now owns 1,004,508 shares of the company’s stock worth $18,573,000 after acquiring an additional 737,256 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

ZI has been the topic of several research reports. Bank of America raised shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Piper Sandler increased their price objective on ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Royal Bank of Canada reissued an “underperform” rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Finally, Barclays lowered their price objective on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Moderate Buy” and a consensus price target of $21.43.

ZoomInfo Technologies Stock Up 0.4 %

Shares of NASDAQ ZI opened at $16.43 on Tuesday. The firm’s 50-day moving average is $16.12 and its two-hundred day moving average is $15.93. The company has a market capitalization of $6.24 billion, a PE ratio of 60.85, a price-to-earnings-growth ratio of 4.22 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $310.62 million. During the same quarter in the prior year, the firm earned $0.13 EPS. ZoomInfo Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.64 EPS for the current fiscal 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.