ZoomInfo Technologies (NASDAQ:ZI) Shares Down 3.1%

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was down 3.1% on Thursday . The stock traded as low as $15.50 and last traded at $15.62. Approximately 3,004,215 shares were traded during trading, a decline of 54% from the average daily volume of 6,602,643 shares. The stock had previously closed at $16.12.

Analyst Ratings Changes

Several research firms have commented on ZI. Morgan Stanley cut ZoomInfo Technologies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $24.00 to $20.00 in a report on Thursday, February 1st. DA Davidson increased their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Truist Financial increased their price objective on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, February 13th. The Goldman Sachs Group increased their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Finally, Citigroup downgraded ZoomInfo Technologies from a "neutral" rating to a "sell" rating and cut their price target for the company from $20.00 to $13.00 in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.58.

ZoomInfo Technologies Trading Down 6.5 %

The business has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $16.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 55.85, a P/E/G ratio of 4.10 and a beta of 1.16.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities analysts forecast that ZoomInfo Technologies Inc. will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZI. US Bancorp DE increased its holdings in ZoomInfo Technologies by 16.2% in the first quarter. US Bancorp DE now owns 13,497 shares of the company's stock valued at $807,000 after purchasing an additional 1,879 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in ZoomInfo Technologies by 78.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company's stock valued at $678,000 after acquiring an additional 4,999 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ZoomInfo Technologies by 47.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company's stock valued at $115,000 after acquiring an additional 617 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of ZoomInfo Technologies by 294.1% during the 1st quarter. Panagora Asset Management Inc. now owns 24,918 shares of the company's stock worth $1,489,000 after buying an additional 18,596 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of ZoomInfo Technologies by 10.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company's stock worth $2,603,000 after buying an additional 4,118 shares in the last quarter. 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.