Securian Asset Management Inc. Sells 1,933 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Securian Asset Management Inc. cut its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,506 shares of the company’s stock after selling 1,933 shares during the period. Securian Asset Management Inc.’s holdings in ZoomInfo Technologies were worth $216,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the last quarter. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Trading Down 0.9 %

ZoomInfo Technologies stock opened at $10.49 on Wednesday. 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 $7.65 and a 12 month high of $16.98. The stock’s 50 day simple moving average is $10.42 and its two-hundred day simple moving average is $10.51. The firm has a market cap of $3.59 billion, a PE ratio of 349.78, a P/E/G ratio of 13.05 and a beta of 0.97.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on ZI shares. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Company 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.