ZoomInfo Technologies (NASDAQ:ZI) Downgraded by Daiwa Capital Markets to Neutral

Daiwa Capital Markets cut shares of ZoomInfo Technologies (NASDAQ:ZI) from an outperform rating to a neutral rating in a research report released on Tuesday morning, MarketBeat reports. They currently have $9.00 target price on the stock, down from their previous target price of $15.00.

A number of other equities analysts have also recently issued reports on the stock. Mizuho decreased their price objective on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a neutral rating on the stock in a research report on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an overweight rating to a sector weight rating in a report on Tuesday, August 6th. DA Davidson cut ZoomInfo Technologies from a buy rating to a neutral rating and dropped their price objective for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Wells Fargo & Company reduced their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. Finally, UBS Group dropped their price target on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $13.40.

ZoomInfo Technologies Price Performance

ZI opened at $9.20 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $13.99. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 5.51 and a beta of 1.06. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. During the same period last year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, analysts predict that ZoomInfo Technologies will post 0.55 earnings per share for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Henry Schuck purchased 1,500,000 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction dated Thursday, June 13th. The stock was 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 directly owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,974 shares of company stock valued at $298,154. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of ZoomInfo Technologies in the second quarter worth $1,057,000. Makena Capital Management LLC increased its holdings in ZoomInfo Technologies by 20.3% in the 2nd quarter. Makena Capital Management LLC now owns 787,511 shares of the company’s stock worth $10,057,000 after buying an additional 133,000 shares in the last quarter. AQR Capital Management LLC raised its position in ZoomInfo Technologies by 36.9% in the 2nd quarter. AQR Capital Management LLC now owns 71,367 shares of the company’s stock worth $900,000 after buying an additional 19,222 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in ZoomInfo Technologies during the 2nd quarter valued at about $958,000. Finally, Point72 DIFC Ltd boosted its holdings in shares of ZoomInfo Technologies by 56.6% during the 2nd quarter. Point72 DIFC Ltd now owns 104,244 shares of the company’s stock valued at $1,331,000 after acquiring an additional 37,692 shares during the last quarter. Institutional investors 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.