Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,702 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 59,909 shares of the company’s stock after selling 3,702 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ZoomInfo Technologies were worth $630,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 47.8% during 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 increased its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its position in 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 last quarter. SRS Capital Advisors Inc. raised its position in 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 last quarter. Finally, American Trust acquired a new position in ZoomInfo Technologies in the third quarter worth $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $11.03 on Thursday. The stock has a 50-day moving average of $10.57 and a 200-day moving average of $10.55. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $16.98. The stock has a market cap of $3.78 billion, a PE ratio of 367.79, 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 current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share 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 analyst estimates of $297.64 million. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

ZI has been the subject of a number of research analyst reports. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Morgan Stanley boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised 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. Finally, Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus 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.