Mizuho Lowers ZoomInfo Technologies (NASDAQ:ZI) to Neutral

ZoomInfo Technologies (NASDAQ:ZI) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a $14.00 target price on the stock, down from their previous target price of $23.00. Mizuho’s price objective would suggest a potential upside of 11.29% from the company’s current price.

A number of other equities analysts also recently weighed in on ZI. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Jefferies Financial Group began coverage on ZoomInfo Technologies in a research note on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price objective on the stock. KeyCorp began coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Finally, Citigroup cut ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $20.00 to $13.00 in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $19.00.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $12.58 on Wednesday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 46.59, a P/E/G ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a twelve month low of $11.67 and a twelve month high of $30.16. The company’s fifty day moving average is $15.92 and its 200 day moving average is $15.87. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Sell-side analysts forecast that ZoomInfo Technologies will post 0.64 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of ZI. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 64.2% in 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. GAMMA Investing LLC bought a new stake in ZoomInfo Technologies in the 4th quarter worth about $43,000. International Assets Investment Management LLC grew its position in ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC purchased a new stake in ZoomInfo Technologies in the 4th quarter valued at about $62,000. Finally, Quadrant Capital Group LLC lifted its position in shares of ZoomInfo Technologies by 85.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 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.