ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $18.00 at Morgan Stanley

ZoomInfo Technologies (NASDAQ:ZI) had its target price lowered by investment analysts at Morgan Stanley from $20.00 to $18.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 14.14% from the stock’s current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group increased their price objective on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their price objective on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price objective on the stock. Bank of America raised ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $25.00 in a report on Monday, January 29th. Finally, Wells Fargo & Company upped their price target on ZoomInfo Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Price Performance

ZI opened at $15.77 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 company has a market cap of $5.99 billion, a price-to-earnings ratio of 58.41, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. The stock has a fifty day simple moving average of $16.30 and a two-hundred day simple moving average of $15.98. ZoomInfo Technologies has a 12-month low of $12.36 and a 12-month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. During the same period in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toroso Investments LLC boosted its stake in shares of ZoomInfo Technologies by 4.5% during the 4th quarter. Toroso Investments LLC now owns 9,582 shares of the company’s stock worth $289,000 after acquiring an additional 411 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ZoomInfo Technologies by 47.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after purchasing an additional 617 shares in the last quarter. American Trust grew its holdings in ZoomInfo Technologies by 5.9% during the fourth quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after purchasing an additional 628 shares during the period. Fifth Third Bancorp grew its holdings in ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in ZoomInfo Technologies by 2.2% in the fourth quarter. Cetera Advisor Networks LLC now owns 33,167 shares of the company’s stock worth $613,000 after buying an additional 710 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other 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.