Thrivent Financial for Lutherans Sells 3,968 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Thrivent Financial for Lutherans cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,345 shares of the company’s stock after selling 3,968 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ZoomInfo Technologies were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after purchasing an additional 5,468 shares during the period. Finally, American Trust bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at approximately $104,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on ZI shares. Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Barclays raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Morgan Stanley upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

ZI opened at $9.81 on Thursday. The firm’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $10.55. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $16.98. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 327.11, a PEG ratio of 13.05 and a beta of 0.97. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 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.