ZoomInfo Technologies (NASDAQ:ZI) Earns "Buy" Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of ZoomInfo Technologies (NASDAQ:ZI - Free Report) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $25.00 price target on the stock.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company upped 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. Citigroup downgraded ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price objective for the stock from $20.00 to $13.00 in a report on Thursday, February 8th. The Goldman Sachs Group cut shares of ZoomInfo Technologies from a neutral rating to a sell rating and dropped their target price for the company from $19.50 to $12.00 in a report on Wednesday. Morgan Stanley decreased their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. Finally, UBS Group dropped their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $19.10.

ZoomInfo Technologies Trading Down 24.2 %

ZoomInfo Technologies stock traded down $3.88 during trading hours on Wednesday, reaching $12.14. The stock had a trading volume of 28,015,684 shares, compared to its average volume of 6,515,830. The company has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $15.89. The stock has a market cap of $4.61 billion, a PE ratio of 44.96, a PEG ratio of 4.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. ZoomInfo Technologies has a 52 week low of $11.67 and a 52 week high of $30.16.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 646 shares in the last quarter. GAMMA Investing LLC purchased a new stake in ZoomInfo Technologies in the 4th quarter worth $43,000. International Assets Investment Management LLC boosted its holdings in shares of ZoomInfo Technologies by 792.2% during 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 last quarter. Quest Partners LLC purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at about $62,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of ZoomInfo Technologies by 85.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company's stock worth $72,000 after purchasing an additional 1,786 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.