ZoomInfo Technologies (NASDAQ:ZI) Downgraded by The Goldman Sachs Group

The Goldman Sachs Group cut shares of ZoomInfo Technologies (NASDAQ:ZI) from a neutral rating to a sell rating in a report released on Wednesday, MarketBeat reports. They currently have $12.00 price objective on the stock, down from their previous price objective of $19.50.

ZI has been the topic of several other research reports. Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $20.00 to $24.00 and gave the company a buy rating in a report on Tuesday, February 13th. Truist Financial increased their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a hold rating in a research note on Tuesday, February 13th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Barclays decreased their target price on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating for the company in a research report on Monday, April 15th. Finally, Citigroup lowered shares of ZoomInfo Technologies from a neutral rating to a sell rating and lowered their price target for the stock from $20.00 to $13.00 in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of Hold and a consensus price target of $19.10.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $12.14 on Wednesday. The stock has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $15.89. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a market capitalization of $4.61 billion, a PE ratio of 44.96, a P/E/G ratio of 4.28 and a beta of 1.13. 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 (NASDAQ:ZI) 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 during the quarter, compared to analyst estimates of $310.62 million. During the same quarter last year, the business earned $0.13 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently modified their holdings of the company. Bailard Inc. increased its stake in ZoomInfo Technologies by 420.0% during the 4th quarter. Bailard Inc. now owns 129,595 shares of the company’s stock valued at $2,396,000 after purchasing an additional 104,675 shares in the last quarter. Aquila Investment Management LLC grew its holdings in shares of ZoomInfo Technologies by 155.8% during the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock valued at $4,493,000 after buying an additional 148,000 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth about $1,256,000. Vanguard Group Inc. raised its holdings in shares of ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after acquiring an additional 2,079,385 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in ZoomInfo Technologies by 9.7% in the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock valued at $6,248,000 after acquiring an additional 33,590 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.