ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $19.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target decreased by Barclays from $20.00 to $19.00 in a research report report published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages have also weighed in on ZI. Bank of America raised shares of ZoomInfo Technologies from a neutral rating to a buy rating and raised their price objective for the stock from $20.00 to $25.00 in a report on Monday, January 29th. Royal Bank of Canada reissued an underperform rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. The Goldman Sachs Group upped their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a neutral rating in a research note on Tuesday, February 13th. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Finally, Truist Financial upped their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a hold rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $21.43.

ZoomInfo Technologies Trading Up 1.7 %

Shares of ZI opened at $15.77 on Monday. ZoomInfo Technologies has a one year low of $12.36 and a one year high of $30.16. The stock has a 50-day moving average price of $16.30 and a 200 day moving average price of $15.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $5.99 billion, a P/E ratio of 58.41, a P/E/G ratio of 3.93 and a beta of 1.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its 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 company 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 business posted $0.13 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently made changes to their positions in ZI. Quarry LP acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $28,000. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares in the last quarter. Advisors Asset Management Inc. boosted its position in ZoomInfo Technologies by 84.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock worth $31,000 after acquiring an additional 876 shares during the period. Advisory Services Network LLC boosted its position in ZoomInfo Technologies by 222.2% during the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Finally, Comerica Bank bought a new position in shares of ZoomInfo Technologies in the second quarter worth $42,000. Institutional investors and hedge funds 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.