ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $9.00 at Mizuho

ZoomInfo Technologies (NASDAQ:ZI) had its price objective decreased by Mizuho from $14.00 to $9.00 in a research note published on Tuesday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other brokerages have also issued reports on ZI. Canaccord Genuity Group cut their price objective on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Piper Sandler cut their price objective on shares of ZoomInfo Technologies from $15.00 to $14.00 and set a neutral rating on the stock in a report on Friday, July 12th. Barclays cut their price target on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an equal weight rating on the stock in a report on Wednesday, May 8th. Bank of America lowered shares of ZoomInfo Technologies from a buy rating to an underperform rating and cut their price target for the stock from $23.00 to $8.00 in a report on Tuesday. Finally, UBS Group cut their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of Hold and an average price target of $13.63.

ZoomInfo Technologies Stock Up 2.9 %

Shares of NASDAQ ZI opened at $8.95 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 1.11. The company has a market cap of $3.35 billion, a P/E ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.06. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The firm has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $14.23.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $307.68 million. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts anticipate that ZoomInfo Technologies will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the sale, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,974 shares of company stock worth $298,154. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after acquiring an additional 2,388 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $43,000. Covestor Ltd lifted its holdings in shares of ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the last quarter. 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.