ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Holdings Lessened by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,903,111 shares of the company’s stock after selling 262,931 shares during the period. Geode Capital Management LLC owned about 1.43% of ZoomInfo Technologies worth $51,546,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its stake in shares of ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock worth $45,949,000 after purchasing an additional 1,806,461 shares in the last quarter. Norges Bank bought a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $17,042,000. JPMorgan Chase & Co. lifted its stake in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after acquiring an additional 1,591,960 shares during the last quarter. Retirement Systems of Alabama grew its position in ZoomInfo Technologies by 304.5% in the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock worth $14,902,000 after acquiring an additional 1,067,299 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth $8,729,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 1.1 %

ZoomInfo Technologies stock opened at $7.93 on Monday. The business has a 50 day moving average price of $10.16 and a two-hundred day moving average price of $10.40. 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 Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 264.42, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

ZI has been the subject of several analyst reports. Canaccord Genuity Group lifted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” 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. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Wells Fargo & Company upped their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.92.

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.