ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $19.00

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

A number of other research analysts have also weighed in on the company. Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. DA Davidson increased their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a buy rating in a research report on Tuesday, February 13th. Royal Bank of Canada reaffirmed an underperform rating and set a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Citigroup lowered shares of ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price target for the company from $20.00 to $13.00 in a research note on Thursday, February 8th. Finally, Morgan Stanley downgraded shares of ZoomInfo Technologies from an overweight rating to an equal weight rating and cut their price objective for the stock from $24.00 to $20.00 in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of Moderate Buy and a consensus price target of $21.53.

ZoomInfo Technologies Stock Down 3.2 %

NASDAQ ZI traded down $0.50 during trading on Monday, hitting $15.33. The stock had a trading volume of 5,509,694 shares, compared to its average volume of 6,609,758. The company has a market capitalization of $5.82 billion, a PE ratio of 56.78, a P/E/G ratio of 4.08 and a beta of 1.16. ZoomInfo Technologies has a 12 month low of $12.36 and a 12 month high of $30.16. The company's 50-day moving average price is $16.28 and its two-hundred day moving average price is $16.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, sell-side analysts forecast that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC raised its holdings in shares of ZoomInfo Technologies by 222.2% during the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company's stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Quarry LP acquired a new position in ZoomInfo Technologies during the 4th quarter worth approximately $28,000. Fifth Third Bancorp boosted its holdings 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 acquiring an additional 646 shares in the last quarter. Comerica Bank bought a new position in ZoomInfo Technologies in the second quarter worth approximately $42,000. Finally, UniSuper Management Pty Ltd acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $46,000. 95.47% of the stock is currently owned by institutional investors.

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.