Amalgamated Bank Sells 3,690 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Amalgamated Bank decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,271 shares of the company’s stock after selling 3,690 shares during the period. Amalgamated Bank’s holdings in ZoomInfo Technologies were worth $1,380,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Impax Asset Management Group plc acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $677,000. Handelsbanken Fonder AB boosted its holdings in shares of ZoomInfo Technologies by 27.7% in the fourth quarter. Handelsbanken Fonder AB now owns 69,600 shares of the company’s stock valued at $731,000 after buying an additional 15,100 shares during the period. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $2,320,000. State of New Jersey Common Pension Fund D raised its holdings in shares of ZoomInfo Technologies by 4.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 212,037 shares of the company’s stock worth $2,229,000 after acquiring an additional 9,631 shares during the period. Finally, Blue Trust Inc. lifted its position in ZoomInfo Technologies by 8,412.3% in the 4th quarter. Blue Trust Inc. now owns 16,599 shares of the company’s stock valued at $174,000 after acquiring an additional 16,404 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the subject of a number of research reports. Stifel Nicolaus increased their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Barclays upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Citigroup lifted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Down 1.0 %

Shares of ZI stock opened at $11.54 on Tuesday. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $17.01. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 384.79, a PEG ratio of 13.05 and a beta of 1.01. The firm’s 50-day moving average is $10.31 and its 200-day moving average is $10.40. 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 (NASDAQ:ZI) last released 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 net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.