ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its price objective decreased by research analysts at Morgan Stanley from $20.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 16.13% from the stock's current price.
Several other research firms also recently issued reports on ZI. 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. DA Davidson upped their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, February 13th. KeyCorp began coverage on ZoomInfo Technologies in a report on Thursday, March 21st. They issued an "overweight" rating and a $20.00 target price on the stock. Barclays reduced their target price on ZoomInfo Technologies from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Truist Financial upped their target price on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.43.
Check Out Our Latest Stock Report on ZI
ZoomInfo Technologies Price Performance
NASDAQ ZI traded up $0.25 during trading on Wednesday, hitting $15.50. 4,078,121 shares of the company's stock were exchanged, compared to its average volume of 6,528,030. 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 company has a market cap of $5.89 billion, a PE ratio of 57.41, a P/E/G ratio of 3.95 and a beta of 1.16. ZoomInfo Technologies has a fifty-two week low of $12.36 and a fifty-two week high of $30.16. The stock's 50 day moving average price is $16.28 and its two-hundred day moving average price is $15.98.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share (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 the consensus estimate of $310.62 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. Research analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current year.
Hedge Funds Weigh In On ZoomInfo Technologies
A number of institutional investors have recently modified their holdings of ZI. Advisory Services Network LLC raised its position in ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company's stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. Quarry LP bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at about $28,000. Fifth Third Bancorp raised its holdings in shares of 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 buying an additional 646 shares in the last quarter. Comerica Bank purchased a new position in shares of ZoomInfo Technologies during the 2nd quarter valued at about $42,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of ZoomInfo Technologies during the 2nd quarter valued at about $46,000. 95.47% of the stock is owned by institutional investors and hedge funds.
About ZoomInfo Technologies
(
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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.
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