Centiva Capital LP Sells 27,580 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Centiva Capital LP trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 49.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,013 shares of the company’s stock after selling 27,580 shares during the quarter. Centiva Capital LP’s holdings in ZoomInfo Technologies were worth $294,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC grew its position in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC grew its position in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares during the last quarter. SRS Capital Advisors Inc. grew its position in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after purchasing an additional 5,468 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in ZoomInfo Technologies during the 4th quarter valued at about $107,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZI has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Scotiabank increased their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Morgan Stanley lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Mizuho lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Citigroup increased their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.19.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.31 on Tuesday. The stock has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $10.18. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.53 billion, a PE ratio of 343.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $305.70 million for the quarter, compared to analysts’ expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.