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

ZoomInfo Technologies (NASDAQ:ZI) had its price objective dropped by research analysts at Morgan Stanley from $20.00 to $18.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 15.90% from the stock’s current price.

ZI has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Jefferies Financial Group initiated coverage on shares of ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price objective on the stock. Bank of America raised ZoomInfo Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $25.00 in a report on Monday, January 29th. Finally, DA Davidson raised their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

ZoomInfo Technologies Stock Performance

Shares of ZI traded up $0.28 during mid-day trading on Wednesday, reaching $15.53. 2,428,541 shares of the company’s stock were exchanged, compared to its average volume of 6,501,323. 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 capitalization of $5.90 billion, a PE ratio of 57.41, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16. The business’s fifty day simple moving average is $16.28 and its 200-day simple moving average is $15.99. ZoomInfo Technologies has a 52-week low of $12.36 and a 52-week high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share 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 firm had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same period last year, the firm posted $0.13 EPS. ZoomInfo Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors have recently modified their holdings of ZI. Quarry LP acquired a new position in ZoomInfo Technologies during the 4th quarter worth approximately $28,000. Advisors Asset Management Inc. lifted its position in ZoomInfo Technologies by 84.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock worth $31,000 after acquiring an additional 876 shares in the last quarter. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares in the last quarter. Advisory Services Network LLC raised its position in shares of ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at approximately $42,000. 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.