ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $20.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target decreased by stock analysts at Stifel Nicolaus from $24.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 58.98% from the stock’s previous close.

A number of other equities analysts have also issued reports on ZI. Wells Fargo & Company upped their target price on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Citigroup downgraded ZoomInfo Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $20.00 to $13.00 in a report on Thursday, February 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. DA Davidson boosted their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Truist Financial raised their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Three investment 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. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $19.00.

ZoomInfo Technologies Trading Up 3.6 %

ZI stock opened at $12.58 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a market cap 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. ZoomInfo Technologies has a 1-year low of $11.67 and a 1-year high of $30.16. The business’s 50 day moving average is $15.92 and its 200-day moving average is $15.87.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. Equities analysts anticipate that ZoomInfo Technologies will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZI. Fifth Third Bancorp increased its stake in 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 purchasing an additional 646 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $62,000. Finally, Quadrant Capital Group LLC grew its holdings in ZoomInfo Technologies by 85.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

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.