Amalgamated Bank Sells 17,477 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Amalgamated Bank decreased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 202,278 shares of the company’s stock after selling 17,477 shares during the period. Amalgamated Bank’s holdings in ZoomInfo Technologies were worth $3,740,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ZI. Fifth Third Bancorp lifted its position in 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 buying an additional 646 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC grew its stake in shares of ZoomInfo Technologies by 792.2% during 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 during the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of ZoomInfo Technologies by 47.4% during the 3rd 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 last quarter. Finally, American Trust purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at $175,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

ZI has been the subject of several research analyst reports. Barclays decreased their target price on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada reiterated an “underperform” rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Stifel Nicolaus reduced their target price on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group lowered their price target on ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.00.

ZoomInfo Technologies Stock Up 3.6 %

ZoomInfo Technologies stock opened at $12.58 on Friday. ZoomInfo Technologies Inc. has a 1-year low of $11.67 and a 1-year high of $30.16. The business has a fifty day moving average price of $15.92 and a 200-day moving average price of $15.87. 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 stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Equities research analysts forecast 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.