Cerity Partners LLC Trims Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 73.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,930 shares of the company’s stock after selling 312,116 shares during the quarter. Cerity Partners LLC’s holdings in ZoomInfo Technologies were worth $2,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ZI. International Assets Investment Management LLC increased its stake in ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares during the last quarter. New York State Teachers Retirement System increased its stake in ZoomInfo Technologies by 1.8% in the fourth quarter. New York State Teachers Retirement System now owns 248,164 shares of the company’s stock valued at $4,589,000 after purchasing an additional 4,479 shares during the last quarter. Sowell Financial Services LLC increased its stake in ZoomInfo Technologies by 153.5% in the fourth quarter. Sowell Financial Services LLC now owns 32,691 shares of the company’s stock valued at $604,000 after purchasing an additional 19,797 shares during the last quarter. Arizona State Retirement System increased its stake in ZoomInfo Technologies by 10.1% in the fourth quarter. Arizona State Retirement System now owns 78,560 shares of the company’s stock valued at $1,453,000 after purchasing an additional 7,213 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $484,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZI has been the subject of several analyst reports. Piper Sandler upped their target price on ZoomInfo Technologies from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Wells Fargo & Company upped their price target on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Jefferies Financial Group started coverage on ZoomInfo Technologies in a research note on Wednesday, February 7th. They set a “buy” rating and a $20.00 price target for the company. Bank of America upgraded ZoomInfo Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $25.00 in a research note on Monday, January 29th. Finally, KeyCorp started coverage on ZoomInfo Technologies in a research note on Thursday, March 21st. They set an “overweight” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $21.43.

ZoomInfo Technologies Trading Down 1.5 %

Shares of ZI opened at $15.53 on Friday. The company has a market capitalization of $5.90 billion, a P/E ratio of 57.52, a P/E/G ratio of 4.06 and a beta of 1.16. ZoomInfo Technologies Inc. has a one year low of $12.36 and a one year high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day moving average price of $16.30 and a 200 day moving average price of $15.98.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. ZoomInfo Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.64 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.