DA Davidson Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $8.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lowered by DA Davidson from $13.00 to $8.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential downside of 0.99% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, Canaccord Genuity Group upped their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.74.

ZoomInfo Technologies Stock Up 1.0 %

Shares of ZI opened at $8.08 on Monday. The firm’s 50 day moving average is $10.07 and its 200-day moving average is $10.37. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $16.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.77 billion, a PE ratio of 269.42, a P/E/G ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities research analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares during the period. Barclays PLC boosted its holdings in shares of ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company’s stock valued at $3,534,000 after purchasing an additional 208,015 shares during the period. M&T Bank Corp grew its stake in ZoomInfo Technologies by 30.2% in the third quarter. M&T Bank Corp now owns 16,152 shares of the company’s stock worth $167,000 after purchasing an additional 3,746 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in ZoomInfo Technologies by 11.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company’s stock worth $1,703,000 after purchasing an additional 17,060 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at $129,000. 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.