AlphaQuest LLC Sells 19,058 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

AlphaQuest LLC reduced its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 81.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,262 shares of the company’s stock after selling 19,058 shares during the quarter. AlphaQuest LLC’s holdings in ZoomInfo Technologies were worth $45,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ZI. Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after buying an additional 2,635 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.72 on Friday. The business’s 50 day moving average price is $10.46 and its 200-day moving average price is $10.51. The company has a market cap of $3.67 billion, a P/E ratio of 357.45, a P/E/G ratio of 13.05 and a beta of 0.97. 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 fifty-two week low of $7.65 and a fifty-two week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 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 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZI. Canaccord Genuity Group lifted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Scotiabank lifted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Morgan Stanley lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies 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.