ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $8.00 at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI) had its target price dropped by research analysts at Wells Fargo & Company from $12.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 2.79% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Barclays lowered their price target on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Mizuho cut their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Citigroup increased their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.00.

ZoomInfo Technologies Trading Up 3.7 %

Shares of ZI opened at $8.23 on Tuesday. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $16.98. The firm has a market capitalization of $2.82 billion, a P/E ratio of 274.42, a P/E/G ratio of 13.05 and a beta of 1.00. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.28. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

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

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently made changes to their positions in ZI. Barclays PLC grew its holdings in shares of ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company’s stock worth $3,534,000 after acquiring an additional 208,015 shares during the period. SkyView Investment Advisors LLC acquired a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $129,000. American Trust purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at about $104,000. GAMMA Investing LLC lifted its holdings in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $163,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.