ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $18.00

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its target price reduced by KeyCorp from $20.00 to $18.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective would suggest a potential upside of 48.27% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price target on ZoomInfo Technologies from $24.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday. Morgan Stanley cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. Bank of America raised shares of ZoomInfo Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $25.00 in a report on Monday, January 29th. Canaccord Genuity Group dropped their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Piper Sandler cut shares of ZoomInfo Technologies from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $24.00 to $15.00 in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.10.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded down $3.88 during mid-day trading on Wednesday, hitting $12.14. 28,015,684 shares of the company were exchanged, compared to its average volume of 6,515,830. ZoomInfo Technologies has a 1-year low of $11.67 and a 1-year high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $16.01 and a 200 day moving average of $15.89. The company has a market capitalization of $4.61 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results 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. The firm 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 firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. As a group, sell-side analysts expect that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ZI. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 64.2% during the 4th 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. GAMMA Investing LLC acquired a new position in ZoomInfo Technologies in the 4th quarter worth $43,000. International Assets Investment Management LLC raised its stake in shares of ZoomInfo Technologies by 792.2% in the 4th 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 during the period. Quest Partners LLC bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $62,000. Finally, Quadrant Capital Group LLC boosted its position in shares of ZoomInfo Technologies by 85.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company's stock worth $72,000 after buying an additional 1,786 shares during the period. 95.47% of the stock is owned by institutional investors.

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.