Piper Sandler Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $8.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price dropped by equities researchers at Piper Sandler from $11.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential downside of 8.36% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group raised their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Citigroup raised their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. 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 report on Wednesday, April 16th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

ZoomInfo Technologies Trading Up 6.1 %

ZoomInfo Technologies stock opened at $8.73 on Wednesday. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $16.98. The firm’s 50 day moving average price is $9.77 and its two-hundred day moving average price is $10.28. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 291.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, research analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Trading of ZoomInfo Technologies

Large investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies in the 4th quarter worth $116,622,000. Deutsche Bank AG grew its position in shares of ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock worth $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $48,336,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Company Profile

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.