ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $16.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price reduced by analysts at UBS Group from $19.00 to $16.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 35.36% from the stock’s previous close.

A number of other research firms also recently commented on ZI. DA Davidson boosted their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Royal Bank of Canada restated an “underperform” rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Truist Financial boosted their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, February 13th. The Goldman Sachs Group lowered shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $19.50 to $12.00 in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.76.

ZoomInfo Technologies Trading Down 26.2 %

ZoomInfo Technologies stock traded down $4.20 during mid-day trading on Wednesday, hitting $11.82. 12,427,118 shares of the company’s stock were exchanged, compared to its average volume of 6,324,499. ZoomInfo Technologies has a fifty-two week low of $11.73 and a fifty-two week high of $30.16. The company’s 50 day simple moving average is $16.04 and its 200-day simple moving average is $15.90. The firm has a market capitalization of $4.49 billion, a P/E ratio of 45.67, a PEG ratio of 4.28 and a beta of 1.13. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in ZoomInfo Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after purchasing an additional 2,079,385 shares during the period. Wellington Management Group LLP raised its holdings in shares of ZoomInfo Technologies by 2.0% in the third quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company’s stock valued at $484,963,000 after acquiring an additional 586,623 shares in the last quarter. FMR LLC lifted its stake in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after acquiring an additional 8,909,420 shares during the period. Cadian Capital Management LP grew its holdings in ZoomInfo Technologies by 110.7% during the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock worth $160,156,000 after acquiring an additional 5,131,000 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $120,619,000. Hedge funds and other 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.