ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $20.00 at Stifel Nicolaus

ZoomInfo Technologies (NASDAQ:ZI) had its price objective reduced by Stifel Nicolaus from $24.00 to $20.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

ZI has been the subject of a number of other research reports. Barclays lowered their price objective 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. Needham & Company LLC restated a buy rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Bank of America upgraded shares of ZoomInfo Technologies from a neutral rating to a buy rating and upped their target price for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. Finally, DA Davidson upped their target price on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Three equities research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $19.10.

ZoomInfo Technologies Stock Performance

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 firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 44.96, a PEG ratio of 4.28 and a beta of 1.13. The firm’s fifty day simple moving average is $16.01 and its 200 day simple moving average is $15.89. ZoomInfo Technologies has a twelve month low of $11.67 and a twelve month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $310.62 million. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that ZoomInfo Technologies will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. American Trust lifted its position in ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after buying an additional 628 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 buying an additional 646 shares in the last quarter. Retirement Systems of Alabama lifted its position in ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after buying an additional 976 shares in the last quarter. Stifel Financial Corp lifted its position in ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after buying an additional 1,143 shares in the last quarter. Finally, 49 Wealth Management LLC lifted its position in ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after buying an additional 1,360 shares in the last quarter. Institutional investors and hedge funds 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.