ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $15.00 by Analysts at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its target price lowered by Barclays from $19.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

ZI has been the topic of several other reports. Royal Bank of Canada reaffirmed an underperform rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. KeyCorp assumed coverage on ZoomInfo Technologies in a report on Thursday, March 21st. They issued an overweight rating and a $20.00 price objective on the stock. DA Davidson boosted their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a report on Tuesday, February 13th. Needham & Company LLC reissued a buy rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $19.10.

ZoomInfo Technologies Trading Down 24.2 %

NASDAQ ZI opened at $12.14 on Wednesday. The company has a market cap of $4.61 billion, a P/E ratio of 44.96, a P/E/G ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The company has a 50-day moving average of $16.01 and a 200-day moving average of $15.89.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results 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 during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. ZoomInfo Technologies’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, equities analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the stock. American Trust increased its holdings in ZoomInfo Technologies by 5.9% in the fourth quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after buying an additional 628 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 64.2% in 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 increased its holdings in shares of ZoomInfo Technologies by 0.3% in 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 raised its position 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 valued at $3,691,000 after acquiring an additional 1,143 shares in the last quarter. Finally, 49 Wealth Management LLC lifted its stake in ZoomInfo Technologies by 11.3% during the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.