ZoomInfo Technologies (NASDAQ:ZI) Given New $9.00 Price Target at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its price objective trimmed by Barclays from $13.00 to $9.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also weighed in on ZI. Stifel Nicolaus boosted 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. Canaccord Genuity Group increased their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. DA Davidson reduced their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup boosted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $11.37.

ZoomInfo Technologies Trading Down 4.2 %

NASDAQ ZI opened at $7.67 on Monday. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $16.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $9.89 and a 200-day moving average of $10.32. The company has a market cap of $2.63 billion, a PE ratio of 255.75, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently modified their holdings of the business. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth $2,320,000. JPMorgan Chase & Co. raised its stake in ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after acquiring an additional 1,591,960 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of ZoomInfo Technologies by 419.0% in the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company’s stock worth $1,910,000 after acquiring an additional 146,681 shares during the last quarter. Norges Bank acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $17,042,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at approximately $280,000. 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.