ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $9.00 by Analysts at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its price objective decreased by Barclays from $13.00 to $9.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 19.28% from the stock’s previous close.

Other analysts have also issued reports about the stock. Stifel Nicolaus lifted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho cut their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.37.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded down $0.47 during trading on Monday, hitting $7.55. The company’s stock had a trading volume of 420,664 shares, compared to its average volume of 7,287,383. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.58 billion, a P/E ratio of 252.65, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The firm has a 50 day moving average price of $9.94 and a 200 day moving average price of $10.33.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities research analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after purchasing an additional 1,889 shares during the period. Fifth Third Bancorp raised its position in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares during the last quarter. GAMMA Investing LLC boosted its position in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after acquiring an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after purchasing an additional 5,468 shares during 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.