ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $11.00 at Citigroup

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its price target decreased by analysts at Citigroup from $13.00 to $11.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "sell" rating on the stock. Citigroup's price objective would suggest a potential downside of 12.56% from the company's current price.

Several other research analysts have also recently issued reports on ZI. Wells Fargo & Company cut their price target on shares of ZoomInfo Technologies from $28.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday. Piper Sandler cut shares of ZoomInfo Technologies from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $24.00 to $15.00 in a report on Wednesday. Bank of America raised shares of ZoomInfo Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $20.00 to $25.00 in a report on Monday, January 29th. Mizuho cut shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and cut their price target for the stock from $23.00 to $14.00 in a report on Wednesday. Finally, Barclays dropped their target price on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.00.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.44 during trading hours on Thursday, hitting $12.58. The company had a trading volume of 10,405,444 shares, compared to its average volume of 6,559,160. 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 has a 1-year low of $11.67 and a 1-year high of $30.16. The company has a market cap of $4.78 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13. The business has a 50 day moving average of $15.92 and a 200-day moving average of $15.87.

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 net margin of 8.66% and a return on equity of 11.25%. 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. ZoomInfo Technologies's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ZoomInfo Technologies by 6.6% during the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company's stock valued at $553,356,000 after buying an additional 2,079,385 shares during the last quarter. Wellington Management Group LLP boosted its position in ZoomInfo Technologies by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company's stock worth $484,963,000 after acquiring an additional 586,623 shares during the period. FMR LLC grew its stake in shares of ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company's stock worth $227,303,000 after purchasing an additional 8,909,420 shares in the last quarter. Cadian Capital Management LP increased its holdings in shares of ZoomInfo Technologies by 110.7% during the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company's stock valued at $160,156,000 after purchasing an additional 5,131,000 shares during the period. Finally, Coatue Management LLC bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at about $120,619,000. 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.