ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 832,802 shares of the company’s stock after selling 524,350 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.24% of ZoomInfo Technologies worth $8,753,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in ZoomInfo Technologies by 47.8% in the fourth 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after buying an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of ZoomInfo Technologies by 343.1% in 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 during the last quarter. SRS Capital Advisors Inc. raised its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after acquiring an additional 5,468 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at $107,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler cut their target price on ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Scotiabank lifted their price target 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. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Citigroup lifted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley decreased their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.19.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $9.35 on Friday. The company’s fifty day moving average is $9.37 and its two-hundred day moving average is $10.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $3.20 billion, a P/E ratio of 311.77, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.67.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. Analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal 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.