ZoomInfo Technologies (NASDAQ:ZI) Hits New 52-Week Low Following Analyst Downgrade

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) reached a new 52-week low during trading on Wednesday after KeyCorp lowered their price target on the stock from $20.00 to $18.00. KeyCorp currently has an overweight rating on the stock. ZoomInfo Technologies traded as low as $11.82 and last traded at $11.92, with a volume of 9556964 shares traded. The stock had previously closed at $16.02.

Several other research firms have also recently commented on ZI. UBS Group decreased their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an "underperform" rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Barclays cut their price objective on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, 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 research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.10.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ZI. Qsemble Capital Management LP acquired a new stake in ZoomInfo Technologies during the first quarter worth $272,000. 49 Wealth Management LLC boosted its stake in ZoomInfo Technologies by 11.3% during the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company's stock worth $214,000 after buying an additional 1,360 shares in the last quarter. River Global Investors LLP acquired a new stake in ZoomInfo Technologies during the first quarter worth $714,000. Oppenheimer Asset Management Inc. boosted its stake in ZoomInfo Technologies by 3.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 103,431 shares of the company's stock worth $1,658,000 after buying an additional 3,635 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in ZoomInfo Technologies during the first quarter worth $183,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock's 50 day simple moving average is $16.01 and its two-hundred day simple moving average is $15.89. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 44.96, a P/E/G ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) 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 Inc. will post 0.64 earnings per share for the current fiscal year.

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.