TheStreet Downgrades ZoomInfo Technologies (NASDAQ:ZI) to D

ZoomInfo Technologies (NASDAQ:ZIGet Rating) was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other brokerages have also recently commented on ZI. Wells Fargo & Company dropped their price target on shares of ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 15th. The Goldman Sachs Group cut their price objective on ZoomInfo Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, February 16th. Barclays decreased their price objective on shares of ZoomInfo Technologies from $68.00 to $64.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of ZoomInfo Technologies from $80.00 to $75.00 in a research note on Tuesday, May 3rd. Finally, Canaccord Genuity Group dropped their target price on shares of ZoomInfo Technologies from $80.00 to $68.00 in a research report on Wednesday, February 16th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $75.35.

ZI stock opened at $39.67 on Thursday. The firm has a market capitalization of $16.00 billion, a PE ratio of 141.68, a P/E/G ratio of 2.54 and a beta of 1.52. The company’s 50 day simple moving average is $52.15 and its 200-day simple moving average is $56.89. ZoomInfo Technologies has a 12 month low of $35.03 and a 12 month high of $79.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.20 and a quick ratio of 1.20.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. ZoomInfo Technologies had a return on equity of 8.46% and a net margin of 14.34%. The company had revenue of $241.70 million for the quarter, compared to analysts’ expectations of $227.49 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. As a group, sell-side analysts anticipate that ZoomInfo Technologies will post 0.49 earnings per share for the current year.

In other news, Director Mark Patrick Mader sold 5,079 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $51.17, for a total value of $259,892.43. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $255,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph Christopher Hays sold 57,213 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $43.33, for a total transaction of $2,479,039.29. Following the transaction, the chief operating officer now directly owns 681,825 shares in the company, valued at approximately $29,543,477.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,599,729 shares of company stock worth $94,101,131 over the last quarter. Company insiders own 9.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in ZoomInfo Technologies by 59.9% during the 3rd quarter. Morgan Stanley now owns 17,928,216 shares of the company’s stock valued at $1,097,027,000 after purchasing an additional 6,718,367 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of ZoomInfo Technologies by 4.2% during the 4th quarter. CIBC Asset Management Inc now owns 16,291 shares of the company’s stock valued at $1,046,000 after purchasing an additional 654 shares during the period. Arcadia Investment Management Corp MI raised its holdings in ZoomInfo Technologies by 21.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,270 shares of the company’s stock valued at $82,000 after acquiring an additional 220 shares during the period. Sheets Smith Wealth Management purchased a new position in ZoomInfo Technologies in the 4th quarter worth approximately $343,000. Finally, Moors & Cabot Inc. purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth $27,000. 82.92% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile (Get Rating)

ZoomInfo Technologies Inc, through 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.

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Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

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