Triumph Capital Management Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Triumph Capital Management cut its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,145 shares of the company’s stock after selling 1,113 shares during the period. Triumph Capital Management’s holdings in ZoomInfo Technologies were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after buying an additional 8,909,420 shares during the last quarter. Cadian Capital Management LP boosted its holdings in shares of ZoomInfo Technologies by 110.7% in the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock worth $160,156,000 after buying an additional 5,131,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of ZoomInfo Technologies by 6.6% in the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after buying an additional 2,079,385 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 99.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,989,440 shares of the company’s stock worth $32,627,000 after buying an additional 990,077 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of ZoomInfo Technologies by 275.9% in the fourth quarter. Federated Hermes Inc. now owns 1,004,508 shares of the company’s stock worth $18,573,000 after buying an additional 737,256 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Up 3.2 %

NASDAQ:ZI opened at $16.36 on Thursday. ZoomInfo Technologies Inc. has a 1-year low of $12.36 and a 1-year high of $30.16. The company has a 50-day moving average of $16.08 and a 200 day moving average of $15.92. The firm has a market cap of $6.21 billion, a PE ratio of 60.59, a price-to-earnings-growth ratio of 4.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZI. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Royal Bank of Canada reiterated an “underperform” rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Jefferies Financial Group assumed coverage on shares of ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, DA Davidson boosted their price target on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.43.

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.