ZoomInfo Technologies (NASDAQ:ZI) Lowered to Sell at The Goldman Sachs Group

ZoomInfo Technologies (NASDAQ:ZI) was downgraded by equities research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $12.00 price target on the stock, down from their previous price target of $19.50. The Goldman Sachs Group’s target price suggests a potential downside of 4.61% from the stock’s previous close.

ZI has been the subject of a number of other research reports. KeyCorp initiated coverage on shares of ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price for the company. DA Davidson increased their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Jefferies Financial Group assumed coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price target on the stock. Morgan Stanley dropped their target price 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. Finally, Truist Financial raised their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.00.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $12.58 on Wednesday. The company has a market capitalization of $4.78 billion, a PE ratio of 46.59, a PEG ratio of 4.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The company’s 50 day moving average price is $15.92 and its 200 day moving average price is $15.87. ZoomInfo Technologies has a 52 week low of $11.67 and a 52 week high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS 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 company 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 business posted $0.13 EPS. ZoomInfo Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its position in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC increased its holdings in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth approximately $62,000. Finally, Quadrant Capital Group LLC lifted its holdings in 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 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.