US Bancorp DE Sells 6,376 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

US Bancorp DE lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,366 shares of the company’s stock after selling 6,376 shares during the quarter. US Bancorp DE’s holdings in ZoomInfo Technologies were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZI. GSA Capital Partners LLP lifted its holdings in shares of ZoomInfo Technologies by 248.2% in the 3rd quarter. GSA Capital Partners LLP now owns 55,707 shares of the company’s stock worth $575,000 after acquiring an additional 39,708 shares during the last quarter. Victory Capital Management Inc. increased its stake in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. KBC Group NV increased its stake in ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after buying an additional 2,635 shares during the period. Primecap Management Co. CA increased its stake in ZoomInfo Technologies by 97.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after buying an additional 1,267,171 shares during the period. Finally, Pacer Advisors Inc. increased its stake in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after buying an additional 2,585,631 shares during the period. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $10.58 on Tuesday. The firm has a market cap of $3.62 billion, a PE ratio of 352.78, a PEG ratio of 13.05 and a beta of 0.97. The firm has a fifty day moving average of $10.41 and a 200 day moving average of $10.50. 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 one year low of $7.65 and a one year high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) 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 business had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZI. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley raised their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group raised their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.