Frontier Capital Management Co. LLC Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Frontier Capital Management Co. LLC trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.6% in the fourth quarter, HoldingsChannel reports. The firm owned 832,802 shares of the company’s stock after selling 524,350 shares during the period. Frontier Capital Management Co. LLC’s holdings in ZoomInfo Technologies were worth $8,753,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ZI. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $116,622,000. Deutsche Bank AG grew its position in shares of ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the period. JPMorgan Chase & Co. grew its position in shares of ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP increased its stake in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in ZoomInfo Technologies during the fourth quarter worth about $48,336,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZI shares. Canaccord Genuity Group raised their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler decreased their price target on shares of ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Mizuho lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Barclays cut their target price on ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company lowered their price target on ZoomInfo Technologies from $12.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.19.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $9.35 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 311.77, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $9.37 and its two-hundred day moving average is $10.18. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.67.

ZoomInfo Technologies (NASDAQ:ZI) last announced 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 for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal 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.