Mutual of America Capital Management LLC Decreases Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Mutual of America Capital Management LLC reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,613 shares of the company’s stock after selling 3,680 shares during the period. Mutual of America Capital Management LLC’s holdings in ZoomInfo Technologies were worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ZI. UMB Bank n.a. increased its stake in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock worth $34,000 after purchasing an additional 1,889 shares during the period. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after buying an additional 1,484 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $109,000. Caption Management LLC increased its stake in shares of ZoomInfo Technologies by 31.5% during the fourth quarter. Caption Management LLC now owns 10,523 shares of the company’s stock valued at $111,000 after buying an additional 2,523 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $125,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 0.4%

ZoomInfo Technologies stock opened at $10.41 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $9.86. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 347.12, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Mizuho reduced their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Finally, Piper Sandler boosted their target price 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 equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.63.

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.