ZoomInfo Technologies (NASDAQ:ZI) Downgraded by Mizuho to “Neutral”

Mizuho cut shares of ZoomInfo Technologies (NASDAQ:ZI) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has $14.00 target price on the stock, down from their previous target price of $23.00.

ZI has been the topic of a number of other research reports. KeyCorp assumed coverage on shares of ZoomInfo Technologies in a report on Thursday, March 21st. They issued an overweight rating and a $20.00 price objective on the stock. Piper Sandler lowered shares of ZoomInfo Technologies from an overweight rating to a neutral rating and dropped their price target for the company from $24.00 to $15.00 in a research note on Wednesday. Bank of America upgraded ZoomInfo Technologies from a neutral rating to a buy rating and boosted their price objective for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. The Goldman Sachs Group lowered ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price objective for the stock from $19.50 to $12.00 in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of Hold and an average price target of $19.10.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $12.14 on Wednesday. The company has a market cap of $4.61 billion, a P/E ratio of 44.96, a PEG ratio of 4.28 and a beta of 1.13. The business has a 50 day moving average of $16.01 and a two-hundred day moving average of $15.89. ZoomInfo Technologies has a 52 week low of $11.67 and a 52 week high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

ZoomInfo Technologies (NASDAQ:ZI) last released 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. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business had revenue of $316.40 million during the quarter, compared to analyst estimates of $310.62 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Trust boosted its holdings in ZoomInfo Technologies by 5.9% during the fourth quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after buying an additional 628 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock valued at $5,963,000 after acquiring an additional 976 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after acquiring an additional 1,143 shares in the last quarter. Finally, 49 Wealth Management LLC grew its holdings in shares of ZoomInfo Technologies by 11.3% in the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after acquiring an additional 1,360 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.