ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $18.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price cut by research analysts at Morgan Stanley from $20.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 15.90% from the company’s previous close.

Several other equities research analysts have also commented on ZI. Royal Bank of Canada reiterated an “underperform” rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Bank of America raised shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $20.00 to $25.00 in a research report on Monday, January 29th. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Finally, DA Davidson increased their target price on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.43.

ZoomInfo Technologies Stock Up 1.8 %

Shares of ZI traded up $0.28 on Wednesday, reaching $15.53. The company’s stock had a trading volume of 2,428,541 shares, compared to its average volume of 6,501,323. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16. The stock has a market capitalization of $5.90 billion, a PE ratio of 57.41, a PEG ratio of 3.95 and a beta of 1.16. The firm has a fifty day moving average of $16.28 and a 200-day moving average of $15.99.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 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 analyst estimates of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities analysts predict that ZoomInfo Technologies will post 0.64 EPS for the current year.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZI. Quarry LP bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth approximately $28,000. Advisors Asset Management Inc. boosted its position in shares of ZoomInfo Technologies by 84.7% in the third quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock worth $31,000 after purchasing an additional 876 shares during the period. Fifth Third Bancorp boosted its position 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 purchasing an additional 646 shares during the period. Advisory Services Network LLC boosted its position in shares of ZoomInfo Technologies by 222.2% in the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Finally, Comerica Bank bought a new position in shares of ZoomInfo Technologies in the second quarter worth approximately $42,000. 95.47% of the stock is owned by hedge funds and other 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.