KeyCorp Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $18.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective reduced by KeyCorp from $20.00 to $18.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 43.08% from the company’s current price.

ZI has been the subject of several other reports. UBS Group decreased their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays reduced their price target on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on ZoomInfo Technologies from $28.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday. Piper Sandler lowered ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $24.00 to $15.00 in a research report on Wednesday. Finally, Mizuho lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $14.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $19.00.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $12.58 on Wednesday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 46.59, a P/E/G ratio of 4.28 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 1-year low of $11.67 and a 1-year high of $30.16. The business has a 50-day moving average price of $15.92 and a two-hundred day moving average price of $15.87.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Equities analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in ZoomInfo Technologies by 180.0% during the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after purchasing an additional 8,909,420 shares during the period. Coatue Management LLC bought a new stake in ZoomInfo Technologies in the 4th quarter valued at $120,619,000. Franklin Resources Inc. increased its position in ZoomInfo Technologies by 52,230.4% during the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after buying an additional 6,043,581 shares during the period. Cadian Capital Management LP lifted its holdings in shares of ZoomInfo Technologies by 110.7% during the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock worth $160,156,000 after buying an additional 5,131,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $55,448,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.