ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,999 shares of the company’s stock after selling 844 shares during the quarter. Securian Asset Management Inc.’s holdings in ZoomInfo Technologies were worth $462,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. M&T Bank Corp grew its stake in ZoomInfo Technologies by 26.0% in the 3rd quarter. M&T Bank Corp now owns 13,795 shares of the company’s stock valued at $226,000 after acquiring an additional 2,846 shares during the last quarter. Principal Financial Group Inc. grew its stake in ZoomInfo Technologies by 10.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,133,508 shares of the company’s stock valued at $18,590,000 after acquiring an additional 110,766 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in ZoomInfo Technologies by 12.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 80,347 shares of the company’s stock valued at $1,318,000 after acquiring an additional 8,747 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in ZoomInfo Technologies by 3,823.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 751,265 shares of the company’s stock valued at $12,321,000 after acquiring an additional 732,117 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in ZoomInfo Technologies by 9.7% in the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock valued at $6,248,000 after acquiring an additional 33,590 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 2.9 %

Shares of NASDAQ:ZI opened at $12.82 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies Inc. has a 52-week low of $11.67 and a 52-week high of $30.16. The company has a 50 day moving average of $15.17 and a two-hundred day moving average of $15.74. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 64.10, a price-to-earnings-growth ratio of 3.17 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Citigroup reduced their target price on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group reduced their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley reduced their target price 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. Finally, Truist Financial upped their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $19.00.

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.