Barclays Trims ZoomInfo Technologies (NASDAQ:ZI) Target Price to $19.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price trimmed by Barclays from $20.00 to $19.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the stock. DA Davidson increased their target price on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. Truist Financial increased their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a hold rating in a research note on Tuesday, February 13th. The Goldman Sachs Group increased their target price on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a neutral rating in a research note on Tuesday, February 13th. Piper Sandler increased their target price on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley lowered shares of ZoomInfo Technologies from an overweight rating to an equal weight rating and cut their target price for the stock from $24.00 to $20.00 in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $21.53.

ZoomInfo Technologies Trading Down 3.2 %

NASDAQ:ZI opened at $15.33 on Monday. The firm’s fifty day moving average is $16.28 and its 200-day moving average is $16.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies has a 52 week low of $12.36 and a 52 week high of $30.16. The firm has a market cap of $5.82 billion, a P/E ratio of 56.78, a P/E/G ratio of 4.08 and a beta of 1.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating 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 company had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in ZoomInfo Technologies by 222.2% during the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP bought a new stake in ZoomInfo Technologies during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp lifted its position 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 last quarter. Comerica Bank bought a new stake in ZoomInfo Technologies during the second quarter valued at approximately $42,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of ZoomInfo Technologies during the second quarter worth approximately $46,000. 95.47% of the stock is currently 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.