ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,366 shares of the company’s stock after selling 6,376 shares during the quarter. US Bancorp DE’s holdings in ZoomInfo Technologies were worth $67,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ZI. Alberta Investment Management Corp acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $2,320,000. Victory Capital Management Inc. lifted its position in shares of ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after purchasing an additional 74,455 shares in the last quarter. State Street Corp lifted its position in shares of ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth about $895,000. Finally, KBC Group NV lifted its position in shares of ZoomInfo Technologies by 2,644.4% during the fourth quarter. KBC Group NV now owns 257,781 shares of the company’s stock worth $2,709,000 after purchasing an additional 248,388 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.58 on Tuesday. The company has a market capitalization of $3.62 billion, a P/E ratio of 352.78, a PEG ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $16.98. The business has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $10.50. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data 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). The firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZI. Citigroup increased their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Scotiabank upped their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.