ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP cut its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,776 shares of the company’s stock after selling 2,290 shares during the quarter. Mission Wealth Management LP’s holdings in ZoomInfo Technologies were worth $376,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% during 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 during the period. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 47.8% during 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. State of Alaska Department of Revenue lifted its position in ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after acquiring an additional 2,275 shares during the period. KBC Group NV lifted its position in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $37,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $11.90 on Thursday. The business’s fifty day moving average price is $10.35 and its two-hundred day moving average price is $10.43. The stock has a market cap of $4.09 billion, a PE ratio of 396.80, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $17.01.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (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 business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZI has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Barclays increased their target price 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. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus increased their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies 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.