ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 876,818 shares of the company’s stock after selling 53,985 shares during the period. Federated Hermes Inc. owned 0.26% of ZoomInfo Technologies worth $9,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alberta Investment Management Corp acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at $2,320,000. JPMorgan Chase & Co. lifted its holdings in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after purchasing an additional 1,591,960 shares in the last quarter. Sei Investments Co. boosted its stake in shares of ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company’s stock worth $1,910,000 after purchasing an additional 146,681 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $280,000. Finally, Norges Bank acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $17,042,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $7.84 on Friday. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 261.42, a PEG ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $16.98. The business has a 50-day moving average of $10.21 and a 200-day moving average of $10.42.

ZoomInfo Technologies (NASDAQ:ZI) last issued 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 firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. On average, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

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