ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,152 shares of the company’s stock after selling 34,271 shares during the period. Corebridge Financial Inc. owned approximately 0.09% of ZoomInfo Technologies worth $3,228,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZI. Horrell Capital Management Inc. lifted its position in shares of ZoomInfo Technologies by 19.2% during the 4th quarter. Horrell Capital Management Inc. now owns 435,000 shares of the company’s stock valued at $4,572,000 after acquiring an additional 70,000 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in ZoomInfo Technologies during the fourth quarter worth $561,000. Sei Investments Co. grew its holdings in ZoomInfo Technologies by 419.0% in the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company’s stock valued at $1,910,000 after purchasing an additional 146,681 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of ZoomInfo Technologies in the fourth quarter valued at $125,000. Finally, Kazazian Asset Management LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth $2,572,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.00 on Tuesday. The business’s fifty day moving average price is $10.58 and its 200 day moving average price is $10.57. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $16.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.42 billion, a P/E ratio of 333.44, a PEG ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $297.64 million. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZI has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Canaccord Genuity Group boosted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.92.

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.