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

Securian Asset Management Inc. lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of 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 purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC grew 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 valued at $64,000 after acquiring an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its position in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after acquiring an additional 5,468 shares during the last quarter. Finally, KBC Group NV grew its position in ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI opened at $10.49 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.59 billion, a P/E ratio of 349.78, a P/E/G ratio of 13.05 and a beta of 0.97. The company’s 50-day simple moving average is $10.42 and its two-hundred day simple moving average is $10.51. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last issued 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). 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 during the quarter, compared to the consensus estimate of $297.64 million. As a group, analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZI. Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $11.00 in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Scotiabank lifted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus 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.