Cornerstone Investment Partners LLC Has $204,000 Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cornerstone Investment Partners LLC cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,376 shares of the company’s stock after selling 4,987 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in ZoomInfo Technologies were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ZI. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth $37,000. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC raised 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 worth $64,000 after acquiring an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after purchasing an additional 5,468 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ZI shares. Scotiabank raised their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Mizuho raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Citigroup boosted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies Trading Up 2.0 %

NASDAQ:ZI opened at $11.77 on Wednesday. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $17.01. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $10.42. The firm has a market cap of $4.04 billion, a P/E ratio of 392.46, a PEG ratio of 13.05 and a beta of 1.01.

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

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.