Morgan Stanley Cuts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $10.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective cut by Morgan Stanley from $13.00 to $10.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts also recently commented on ZI. Stifel Nicolaus lifted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Barclays raised their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. DA Davidson dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company raised their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.58.

ZoomInfo Technologies Stock Up 0.3 %

ZI stock opened at $8.01 on Wednesday. The stock has a market capitalization of $2.74 billion, a PE ratio of 267.09, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $9.94 and a 200 day moving average of $10.32.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. Sell-side analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors have recently added to or reduced their stakes in ZI. Barclays PLC boosted its holdings in ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company’s stock worth $3,534,000 after buying an additional 208,015 shares during the last quarter. M&T Bank Corp lifted its position in shares of ZoomInfo Technologies by 30.2% in the third quarter. M&T Bank Corp now owns 16,152 shares of the company’s stock valued at $167,000 after acquiring an additional 3,746 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of ZoomInfo Technologies by 11.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company’s stock worth $1,703,000 after acquiring an additional 17,060 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $129,000. Finally, American Trust acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at $104,000. 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.