ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $9.00 at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its target price reduced by Barclays from $13.00 to $9.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

ZI has been the subject of several other research reports. Stifel Nicolaus increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Citigroup boosted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $11.37.

ZoomInfo Technologies Stock Down 4.2 %

Shares of NASDAQ ZI opened at $7.67 on Monday. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $16.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $2.63 billion, a PE ratio of 255.75, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $10.32.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in ZI. Jericho Capital Asset Management L.P. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter worth approximately $116,622,000. Deutsche Bank AG grew its holdings in ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after buying an additional 10,181,253 shares in the last quarter. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after buying an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after acquiring an additional 2,118,297 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at $48,336,000. 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.