ZoomInfo Technologies (NASDAQ:ZI) Given New $18.00 Price Target at KeyCorp

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lowered by KeyCorp from $20.00 to $18.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

ZI has been the subject of several other reports. DA Davidson upped their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a report on Tuesday, February 13th. Jefferies Financial Group began coverage on shares of ZoomInfo Technologies in a research note on Wednesday, February 7th. They set a buy rating and a $20.00 price objective on the stock. Needham & Company LLC reiterated a buy rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday. Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Mizuho downgraded ZoomInfo Technologies from a buy rating to a neutral rating and cut their target price for the company from $23.00 to $14.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of Hold and an average target price of $19.10.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $12.14 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $16.01 and a 200-day moving average price of $15.89. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results 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 return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. During the same quarter in the previous year, the business earned $0.13 EPS. ZoomInfo Technologies’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings 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 valued at $31,000 after purchasing an additional 646 shares during the period. GAMMA Investing LLC bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $43,000. International Assets Investment Management LLC lifted its stake in ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the period. Quest Partners LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth about $62,000. Finally, Quadrant Capital Group LLC increased its position in ZoomInfo Technologies by 85.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after purchasing an additional 1,786 shares during the period. 95.47% of the stock is currently 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.