UBS Group Trims ZoomInfo Technologies (NASDAQ:ZI) Target Price to $16.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective trimmed by UBS Group from $19.00 to $16.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Mizuho downgraded shares of ZoomInfo Technologies from a buy rating to a neutral rating and reduced their price target for the stock from $23.00 to $14.00 in a research report on Wednesday. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company upped their price target 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. Royal Bank of Canada reiterated an underperform rating and set a $14.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Finally, Piper Sandler downgraded shares of ZoomInfo Technologies from an overweight rating to a neutral rating and reduced their price target for the stock from $24.00 to $15.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $19.10.

ZoomInfo Technologies Stock Down 24.2 %

ZI opened at $12.14 on Wednesday. The firm’s 50-day simple moving average is $16.01 and its 200-day simple moving average is $15.89. 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 twelve month low of $11.67 and a twelve month high of $30.16. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 44.96, a PEG ratio of 4.28 and a beta of 1.13.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after acquiring an additional 8,909,420 shares during the last quarter. Coatue Management LLC bought a new position in ZoomInfo Technologies in the fourth quarter valued at about $120,619,000. Franklin Resources Inc. grew its position in ZoomInfo Technologies by 52,230.4% in the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after acquiring an additional 6,043,581 shares during the last quarter. Cadian Capital Management LP grew its position in ZoomInfo Technologies by 110.7% in the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after acquiring an additional 5,131,000 shares during the last quarter. Finally, Norges Bank bought a new position in ZoomInfo Technologies in the fourth quarter valued at about $55,448,000. Institutional investors own 95.47% of the company’s stock.

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.