ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $21.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective dropped by equities researchers at Wells Fargo & Company from $28.00 to $21.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 66.93% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Citigroup lowered ZoomInfo Technologies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $20.00 to $13.00 in a research note on Thursday, February 8th. KeyCorp started coverage on ZoomInfo Technologies in a report on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price for the company. Truist Financial upped their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Mizuho cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $14.00 in a research note on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $19.00.

ZoomInfo Technologies Trading Up 3.6 %

Shares of ZoomInfo Technologies stock opened at $12.58 on Wednesday. ZoomInfo Technologies has a 1 year low of $11.67 and a 1 year high of $30.16. The company has a market capitalization 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. The business has a fifty day simple moving average of $15.92 and a two-hundred day simple moving average of $15.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $310.62 million. During the same quarter last year, the company posted $0.13 EPS. ZoomInfo Technologies’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts forecast that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently added to or reduced their stakes in ZI. Qsemble Capital Management LP acquired a new position in ZoomInfo Technologies in the 1st quarter valued at approximately $272,000. 49 Wealth Management LLC increased its stake in shares of ZoomInfo Technologies by 11.3% in the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock valued at $214,000 after buying an additional 1,360 shares during the period. River Global Investors LLP bought a new position in shares of ZoomInfo Technologies during the first quarter worth about $714,000. Oppenheimer Asset Management Inc. lifted its stake in shares of ZoomInfo Technologies by 3.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 103,431 shares of the company’s stock worth $1,658,000 after acquiring an additional 3,635 shares during the period. Finally, Sciencast Management LP bought a new stake in ZoomInfo Technologies in the first quarter valued at approximately $183,000. Institutional investors and hedge funds 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.