Mizuho Lowers ZoomInfo Technologies (NASDAQ:ZI) to Neutral

ZoomInfo Technologies (NASDAQ:ZI) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $14.00 price objective on the stock, down from their prior price objective of $23.00. Mizuho’s target price points to a potential downside of 12.61% from the company’s current price.

Several other equities research analysts have also commented on the stock. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $25.00 in a report on Monday, January 29th. The Goldman Sachs Group lowered shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $19.50 to $12.00 in a research note on Wednesday. Royal Bank of Canada reiterated an “underperform” rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Morgan Stanley reduced their price objective on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Finally, DA Davidson boosted their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $20.15.

ZoomInfo Technologies Trading Down 3.6 %

NASDAQ:ZI opened at $16.02 on Wednesday. ZoomInfo Technologies has a one year low of $12.36 and a one year high of $30.16. 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 firm has a market cap of $6.08 billion, a P/E ratio of 59.34, a P/E/G ratio of 4.28 and a beta of 1.13. The firm has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.90.

ZoomInfo Technologies (NASDAQ:ZI) last posted 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 net margin of 8.66% and a return on equity of 11.25%. The business had revenue of $316.40 million during the quarter, compared to analyst estimates of $310.62 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC grew its holdings in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $62,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of ZoomInfo Technologies by 85.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after purchasing an additional 1,786 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.