Barclays Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $9.00

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its target price cut by Barclays from $13.00 to $9.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Mizuho reduced their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus upped their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company upped their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of "Hold" and a consensus price target of $11.00.

ZoomInfo Technologies Stock Performance

ZI traded up $0.06 during midday trading on Monday, reaching $8.79. The company's stock had a trading volume of 5,264,638 shares, compared to its average volume of 7,377,027. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $16.98. The stock has a market cap of $3.01 billion, a P/E ratio of 293.10, a PEG ratio of 13.05 and a beta of 1.00. The company has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $10.27. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. Research analysts expect that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ZI. UMB Bank n.a. raised its position in shares of ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after acquiring an additional 1,889 shares during the last quarter. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares during the period. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after acquiring an additional 5,468 shares during the last quarter. 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.