ZoomInfo Technologies (NASDAQ:ZI) Given New $8.00 Price Target at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI) had its target price cut by Wells Fargo & Company from $12.00 to $8.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. DA Davidson lowered their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Morgan Stanley reduced their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Scotiabank lifted their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Five equities research 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.16.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $7.94 on Tuesday. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 264.75, a PEG ratio of 13.05 and a beta of 1.00. The stock’s 50-day moving average is $9.84 and its two-hundred day moving average is $10.30.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently modified their holdings of the company. Jericho Capital Asset Management L.P. bought a new stake in ZoomInfo Technologies during the 4th quarter valued at $116,622,000. Deutsche Bank AG lifted its holdings in ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after purchasing an additional 10,181,253 shares during the period. JPMorgan Chase & Co. grew its position in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after buying an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after buying an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $48,336,000. 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.