ZoomInfo Technologies (NASDAQ:ZI) Downgraded to “Neutral” at Piper Sandler

Piper Sandler downgraded shares of ZoomInfo Technologies (NASDAQ:ZI) from an overweight rating to a neutral rating in a report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has $15.00 target price on the stock, down from their prior target price of $24.00.

Several other research firms also recently weighed in on ZI. The Goldman Sachs Group downgraded shares of ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price target for the stock from $19.50 to $12.00 in a research report on Wednesday. Truist Financial lifted their target price on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a hold rating in a research report on Tuesday, February 13th. Morgan Stanley cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a report on Wednesday, April 17th. Bank of America raised ZoomInfo Technologies from a neutral rating to a buy rating and raised their price objective for the stock from $20.00 to $25.00 in a research note on Monday, January 29th. Finally, Royal Bank of Canada reiterated an underperform rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $19.10.

ZoomInfo Technologies Stock Down 24.2 %

ZoomInfo Technologies stock opened at $12.14 on Wednesday. ZoomInfo Technologies has a one year low of $11.67 and a one year high of $30.16. The stock has a fifty day moving average of $16.01 and a 200 day moving average of $15.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $4.61 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts predict that ZoomInfo Technologies will post 0.64 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. Fifth Third Bancorp raised its holdings in shares of 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. GAMMA Investing LLC bought a new stake in ZoomInfo Technologies in the fourth quarter worth $43,000. International Assets Investment Management LLC raised its stake in ZoomInfo Technologies by 792.2% during the fourth 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 in the last quarter. Quest Partners LLC bought a new position in ZoomInfo Technologies during the fourth quarter valued at $62,000. Finally, Quadrant Capital Group LLC grew its stake in shares of ZoomInfo Technologies by 85.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.