ProShare Advisors LLC Cuts Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

ProShare Advisors LLC trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,691 shares of the company’s stock after selling 12,469 shares during the period. ProShare Advisors LLC’s holdings in ZoomInfo Technologies were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares during the period. SRS Capital Advisors Inc. grew its holdings in ZoomInfo Technologies by 183.9% during 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 in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in ZoomInfo Technologies during the 4th quarter worth $107,000. Caption Management LLC lifted its holdings in ZoomInfo Technologies by 31.5% in the 4th quarter. Caption Management LLC now owns 10,523 shares of the company’s stock worth $111,000 after buying an additional 2,523 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in ZoomInfo Technologies in the 4th quarter valued at about $125,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup increased their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Canaccord Genuity Group upped their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Scotiabank boosted their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Finally, Piper Sandler upped their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $10.63.

ZoomInfo Technologies Trading Up 2.5%

ZoomInfo Technologies stock opened at $9.55 on Tuesday. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.27 billion, a PE ratio of 318.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The firm has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $10.02.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS 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.