JPMorgan Chase & Co. Sells 145,639 Shares of ZoomInfo Technologies Inc. $ZI

JPMorgan Chase & Co. cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The fund 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.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of ZoomInfo Technologies by 124.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock worth $25,000 after acquiring an additional 1,260 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the third quarter valued at about $27,000. Allworth Financial LP boosted its holdings in ZoomInfo Technologies by 980.2% during the second quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock worth $34,000 after purchasing an additional 3,019 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in ZoomInfo Technologies by 3,863.1% during the third quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock worth $45,000 after purchasing an additional 3,979 shares during the last quarter. Finally, EMC Capital Management bought a new stake in ZoomInfo Technologies in the 2nd quarter worth about $71,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $10.38.

ZoomInfo Technologies Stock Up 1.4%

Shares of NASDAQ:ZI opened at $5.86 on Thursday. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The company has a market capitalization of $2.01 billion, a PE ratio of 195.40, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business has a fifty day moving average price of $7.49 and a two-hundred day moving average price of $9.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies 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.