ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $18.00 at KeyCorp

ZoomInfo Technologies (NASDAQ:ZI) had its price target decreased by analysts at KeyCorp from $20.00 to $18.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 48.76% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley dropped their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Citigroup lowered ZoomInfo Technologies from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $20.00 to $13.00 in a research note on Thursday, February 8th. UBS Group reduced their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial increased their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Jefferies Financial Group started coverage on shares of ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.10.

ZoomInfo Technologies Stock Performance

Shares of ZI stock traded down $3.92 during mid-day trading on Wednesday, reaching $12.10. The stock had a trading volume of 21,530,509 shares, compared to its average volume of 6,434,710. The firm has a market cap of $4.59 billion, a PE ratio of 44.37, a P/E/G 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 has a one year low of $11.67 and a one year high of $30.16. The firm’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $15.90.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Several large investors have recently bought and sold shares of ZI. SG Americas Securities LLC bought a new position in ZoomInfo Technologies during the third quarter worth about $203,000. Robeco Institutional Asset Management B.V. raised its position in shares of ZoomInfo Technologies by 135,227.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 93,376 shares of the company’s stock valued at $1,531,000 after acquiring an additional 93,307 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in ZoomInfo Technologies by 6.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 57,059 shares of the company’s stock worth $936,000 after acquiring an additional 3,684 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in ZoomInfo Technologies by 10.0% during the third quarter. Bank of New York Mellon Corp now owns 3,301,376 shares of the company’s stock valued at $54,143,000 after purchasing an additional 300,341 shares during the period. Finally, New York State Teachers Retirement System increased its stake in ZoomInfo Technologies by 28.1% in the third quarter. New York State Teachers Retirement System now owns 243,685 shares of the company’s stock valued at $3,996,000 after purchasing an additional 53,475 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.