ZoomInfo Technologies Inc. $ZI Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,844,151 shares of the company’s stock after selling 145,639 shares during the period. JPMorgan Chase & Co.’s holdings in ZoomInfo Technologies were worth $74,670,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ZI. State of New Jersey Common Pension Fund D increased its holdings in ZoomInfo Technologies by 6.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 210,600 shares of the company’s stock valued at $2,298,000 after purchasing an additional 13,381 shares in the last quarter. LSV Asset Management boosted its position in shares of ZoomInfo Technologies by 64.2% in the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock worth $81,897,000 after buying an additional 2,936,229 shares during the period. Caprock Group LLC acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $1,519,000. Rhumbline Advisers grew its stake in shares of ZoomInfo Technologies by 2.6% in the third quarter. Rhumbline Advisers now owns 752,017 shares of the company’s stock valued at $8,204,000 after buying an additional 18,954 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of ZoomInfo Technologies by 6.9% during the 3rd quarter. State of Michigan Retirement System now owns 66,800 shares of the company’s stock valued at $729,000 after buying an additional 4,300 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZI shares. KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $8.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $16.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $11.50.

ZoomInfo Technologies Stock Down 6.5%

Shares of NASDAQ:ZI opened at $6.03 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. The company has a fifty day simple moving average of $8.74 and a 200 day simple moving average of $9.92. The firm has a market cap of $2.06 billion, a PE ratio of 201.07, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.