ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $18.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price decreased by stock analysts at KeyCorp from $20.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 43.08% from the company’s current price.

Several other brokerages have also issued reports on ZI. Barclays dropped their target price on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price target on ZoomInfo Technologies from $28.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday. Mizuho cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $14.00 in a report on Wednesday. Jefferies Financial Group initiated coverage on ZoomInfo Technologies in a report on Wednesday, February 7th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, DA Davidson upped their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus target price of $19.00.

ZoomInfo Technologies Stock Up 3.6 %

ZI opened at $12.58 on Wednesday. The company has a 50 day moving average of $15.92 and a 200 day moving average of $15.87. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a market cap 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 earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. ZoomInfo Technologies’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, sell-side analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

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