Vanguard Group Inc. Has $292.97 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Vanguard Group Inc. lowered its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,875,312 shares of the company’s stock after selling 1,244,979 shares during the period. Vanguard Group Inc. owned about 8.12% of ZoomInfo Technologies worth $292,970,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its position in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of ZoomInfo Technologies by 70.4% during the 4th quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock valued at $45,949,000 after acquiring an additional 1,806,461 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ZoomInfo Technologies by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock worth $23,260,000 after acquiring an additional 19,083 shares during the last quarter. Retirement Systems of Alabama increased its holdings in ZoomInfo Technologies by 304.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock worth $14,902,000 after purchasing an additional 1,067,299 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in ZoomInfo Technologies in the fourth quarter valued at about $8,729,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Trading Down 14.3 %

Shares of ZoomInfo Technologies stock opened at $7.53 on Friday. The company’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.50 and a 12-month high of $16.98. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 251.08, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data 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). The company had revenue of $309.10 million during 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%. On average, equities analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ZI. Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Stifel Nicolaus increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barclays lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Citigroup increased their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. 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 stock presently has an average rating of “Hold” and a consensus price target 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.