Bank of New York Mellon Corp Has $31.35 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bank of New York Mellon Corp trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,982,861 shares of the company’s stock after selling 209,006 shares during the period. Bank of New York Mellon Corp owned 0.87% of ZoomInfo Technologies worth $31,350,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ZI. FMR LLC increased its stake in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the period. Pacer Advisors Inc. increased its stake in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. State Street Corp increased its stake in shares of ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at $44,248,000. Finally, Primecap Management Co. CA increased its stake in shares of ZoomInfo Technologies by 97.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 1.0 %

ZoomInfo Technologies stock opened at $11.51 on Friday. The stock has a market cap of $3.95 billion, a P/E ratio of 383.79, a PEG ratio of 13.05 and a beta of 0.97. 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 fifty-two week low of $7.65 and a fifty-two week high of $17.01. The firm’s fifty day moving average price is $10.38 and its 200-day moving average price is $10.45.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data 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 net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZI has been the topic of several recent research reports. Stifel Nicolaus raised 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. Scotiabank lifted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Mizuho boosted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Finally, KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $11.92.

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.