Prudential Financial Inc. Sells 2,965 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Prudential Financial Inc. decreased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 12.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,797 shares of the company’s stock after selling 2,965 shares during the period. Prudential Financial Inc.’s holdings in ZoomInfo Technologies were worth $219,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ZI. Janus Henderson Group PLC boosted its stake in ZoomInfo Technologies by 24.3% in the 3rd quarter. Janus Henderson Group PLC now owns 289,092 shares of the company’s stock valued at $2,984,000 after purchasing an additional 56,473 shares during the period. Quantinno Capital Management LP boosted its position in shares of ZoomInfo Technologies by 1,035.9% in the third quarter. Quantinno Capital Management LP now owns 161,168 shares of the company’s stock valued at $1,663,000 after acquiring an additional 146,979 shares during the period. State Street Corp grew its stake in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after acquiring an additional 165,440 shares in the last quarter. Barclays PLC increased its position in ZoomInfo Technologies by 154.7% during the third quarter. Barclays PLC now owns 342,495 shares of the company’s stock worth $3,534,000 after acquiring an additional 208,015 shares during the period. Finally, M&T Bank Corp raised its stake in ZoomInfo Technologies by 30.2% in the 3rd quarter. M&T Bank Corp now owns 16,152 shares of the company’s stock worth $167,000 after purchasing an additional 3,746 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 8.4 %

Shares of ZoomInfo Technologies stock opened at $7.84 on Friday. 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 Inc. has a 52-week low of $7.01 and a 52-week high of $16.98. The company’s 50 day moving average price is $10.21 and its 200-day moving average price is $10.42. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 261.42, a P/E/G ratio of 13.05 and a beta of 1.00.

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 analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZI. Citigroup upped their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price objective 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. 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 MarketBeat.com, the company 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.