ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $16.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price lowered by equities research analysts at UBS Group from $19.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 35.36% from the company’s current price.

Several other research firms have also recently weighed in on ZI. Barclays cut their price objective on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp began coverage on shares of ZoomInfo Technologies in a research report on Thursday, March 21st. They issued an “overweight” rating and a $20.00 target price on the stock. DA Davidson upped their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $25.00 in a report on Monday, January 29th. Finally, Mizuho cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $14.00 in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.76.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded down $4.20 on Wednesday, reaching $11.82. 12,427,118 shares of the company’s stock traded hands, compared to its average volume of 6,324,499. The stock has a 50-day simple moving average of $16.04 and a 200 day simple moving average of $15.90. 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 has a 12 month low of $11.73 and a 12 month high of $30.16. The stock has a market cap of $4.49 billion, a PE ratio of 45.67, a P/E/G ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. ZoomInfo Technologies’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. As a group, research analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ZI. Qsemble Capital Management LP bought a new stake in ZoomInfo Technologies in the 1st quarter valued at $272,000. 49 Wealth Management LLC increased its holdings 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 worth $214,000 after purchasing an additional 1,360 shares during the last quarter. River Global Investors LLP purchased a new position in ZoomInfo Technologies during the 1st quarter valued at approximately $714,000. Oppenheimer Asset Management Inc. increased its stake in ZoomInfo Technologies by 3.6% in the 1st 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 last quarter. Finally, Sciencast Management LP bought a new position in shares of ZoomInfo Technologies during the 1st quarter valued at approximately $183,000. 95.47% of the stock is owned by institutional investors.

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.