ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $15.00 at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its price target reduced by analysts at Barclays from $19.00 to $15.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 19.24% from the stock’s current price.

Several other analysts have also recently issued reports on ZI. Jefferies Financial Group assumed 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. Truist Financial raised their target price 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. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $28.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup downgraded shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. Finally, Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $25.00 in a research note on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

ZoomInfo Technologies Stock Up 3.6 %

ZoomInfo Technologies stock opened at $12.58 on Wednesday. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $15.87. The stock has a market capitalization of $4.78 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last posted 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 return on equity of 11.25% and a net margin of 8.66%. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $203,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of ZoomInfo Technologies by 135,227.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 93,376 shares of the company’s stock worth $1,531,000 after acquiring an additional 93,307 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 6.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,059 shares of the company’s stock valued at $936,000 after acquiring an additional 3,684 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of ZoomInfo Technologies by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 3,301,376 shares of the company’s stock valued at $54,143,000 after acquiring an additional 300,341 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of ZoomInfo Technologies by 28.1% during the third quarter. New York State Teachers Retirement System now owns 243,685 shares of the company’s stock valued at $3,996,000 after acquiring an additional 53,475 shares during the last quarter. Hedge funds and other 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.