Mizuho Has Lowered Expectations for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI) had its price target dropped by investment analysts at Mizuho from $11.00 to $9.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential upside of 12.50% from the company’s current price.

ZI has been the topic of a number of other research reports. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Citigroup raised their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. DA Davidson dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday. Barclays lifted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $11.74.

ZoomInfo Technologies Stock Up 0.9 %

ZoomInfo Technologies stock opened at $8.00 on Tuesday. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 266.76, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock’s fifty day moving average is $10.12 and its two-hundred day moving average is $10.39. 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 released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share 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 analysts’ expectations of $297.64 million. Analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after purchasing an additional 1,889 shares during the last quarter. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the last quarter. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the period. Nisa Investment Advisors LLC increased its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares during the last quarter. Institutional investors and hedge funds 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.