ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 316,722 shares of the company’s stock after selling 33,839 shares during the period. Advantage Alpha Capital Partners LP’s holdings in ZoomInfo Technologies were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $2,320,000. Victory Capital Management Inc. increased its position in ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after purchasing an additional 74,455 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in ZoomInfo Technologies in the 4th quarter valued at about $280,000. State Street Corp lifted its holdings in 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $895,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Scotiabank lifted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Morgan Stanley increased their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $10.89 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $16.98. The business has a 50-day moving average of $10.49 and a 200-day moving average of $10.53. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 363.12, a PEG ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last announced 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. On average, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.