ZoomInfo Technologies (NASDAQ:ZI) Stock Rating Lowered by Mizuho

Mizuho cut shares of ZoomInfo Technologies (NASDAQ:ZI - Free Report) from a buy rating to a neutral rating in a research note published on Wednesday, MarketBeat.com reports. They currently have $14.00 target price on the stock, down from their prior target price of $23.00.

A number of other analysts have also recently commented on the stock. KeyCorp initiated coverage on shares of ZoomInfo Technologies in a report on Thursday, March 21st. They set an overweight rating and a $20.00 target price for the company. Piper Sandler lowered shares of ZoomInfo Technologies from an overweight rating to a neutral rating and dropped their price target for the stock from $24.00 to $15.00 in a research report on Wednesday. DA Davidson upped their price target on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Wells Fargo & Company upped their price target on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of Hold and a consensus price target of $19.10.

ZoomInfo Technologies Stock Performance

ZI stock traded down $3.88 during midday trading on Wednesday, reaching $12.14. 28,015,684 shares of the company's stock traded hands, compared to its average volume of 6,515,830. ZoomInfo Technologies has a 52-week low of $11.67 and a 52-week high of $30.16. The stock has a market cap of $4.61 billion, a P/E ratio of 44.96, a PEG ratio of 4.28 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average is $16.01 and its 200 day moving average is $15.89.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating 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 business 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 company earned $0.13 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Trust grew its stake in ZoomInfo Technologies by 5.9% in the 4th quarter. American Trust now owns 11,326 shares of the company's stock worth $209,000 after acquiring an additional 628 shares in the last quarter. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 64.2% in the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock worth $31,000 after purchasing an additional 646 shares in the last quarter. Retirement Systems of Alabama increased its holdings in ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company's stock worth $5,963,000 after purchasing an additional 976 shares during the period. Stifel Financial Corp raised its position in ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company's stock valued at $3,691,000 after purchasing an additional 1,143 shares in the last quarter. Finally, 49 Wealth Management LLC raised its position in ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company's stock valued at $214,000 after purchasing an additional 1,360 shares in the last quarter. Hedge funds and other 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.