Levin Capital Strategies L.P. Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Levin Capital Strategies L.P. cut its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the company’s stock after selling 5,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in ZoomInfo Technologies were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in ZoomInfo Technologies during the fourth quarter worth about $296,000. Impax Asset Management Group plc acquired a new stake in ZoomInfo Technologies during the fourth quarter worth about $677,000. Handelsbanken Fonder AB increased its stake in ZoomInfo Technologies by 27.7% during the fourth quarter. Handelsbanken Fonder AB now owns 69,600 shares of the company’s stock worth $731,000 after acquiring an additional 15,100 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in ZoomInfo Technologies during the fourth quarter worth about $2,320,000. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of ZoomInfo Technologies by 4.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 212,037 shares of the company’s stock valued at $2,229,000 after buying an additional 9,631 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the sale, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ZI shares. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group increased their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley increased their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Trading Down 2.9 %

NASDAQ:ZI opened at $11.66 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $10.30 and its two-hundred day moving average is $10.37. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $17.13. The company has a market cap of $4.00 billion, a PE ratio of 388.80, a P/E/G ratio of 13.05 and a beta of 1.01.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. On average, analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.