Fmr LLC Decreases Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Fmr LLC lowered its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 48.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,938,251 shares of the company’s stock after selling 16,115,171 shares during the period. Fmr LLC owned approximately 4.93% of ZoomInfo Technologies worth $178,021,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in shares of ZoomInfo Technologies by 1,396.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 48,887 shares of the company’s stock worth $514,000 after acquiring an additional 45,620 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $390,000. Hel Ved Capital Management Ltd boosted its stake in shares of ZoomInfo Technologies by 1,219.0% during the 4th quarter. Hel Ved Capital Management Ltd now owns 569,800 shares of the company’s stock valued at $5,989,000 after buying an additional 526,600 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of ZoomInfo Technologies by 160.8% during the fourth quarter. Wells Fargo & Company MN now owns 39,545 shares of the company’s stock worth $416,000 after buying an additional 24,381 shares in the last quarter. Finally, Cynosure Group LLC increased its stake in shares of ZoomInfo Technologies by 237.9% in the fourth quarter. Cynosure Group LLC now owns 280,843 shares of the company’s stock worth $2,952,000 after buying an additional 197,740 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZI has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Barclays boosted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price objective 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 assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $7.93 on Friday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 264.42, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock’s fifty day moving average is $10.16 and its 200-day moving average is $10.40. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $16.98. 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 (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.