ZoomInfo Technologies (NASDAQ:ZI) Given New $19.00 Price Target at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its price target reduced by Barclays from $20.00 to $19.00 in a research report released on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

ZI has been the subject of several other reports. Needham & Company LLC reissued a buy rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Morgan Stanley cut shares of ZoomInfo Technologies from an overweight rating to an equal weight rating and lowered their price objective for the company from $24.00 to $20.00 in a research note on Thursday, February 1st. DA Davidson boosted their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a buy rating in a research note on Tuesday, February 13th. KeyCorp started coverage on shares of ZoomInfo Technologies in a research note on Thursday, March 21st. They set an overweight rating and a $20.00 price objective for the company. Finally, Citigroup cut shares of ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price target for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of Moderate Buy and a consensus target price of $21.43.

ZoomInfo Technologies Trading Up 1.6 %

ZI stock opened at $15.50 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 12-month low of $12.36 and a 12-month high of $30.16. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 57.41, a PEG ratio of 3.95 and a beta of 1.16. The business’s 50-day moving average is $16.28 and its 200 day moving average is $15.98.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $310.62 million. During the same period in the previous year, the firm posted $0.13 EPS. ZoomInfo Technologies’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors have recently modified their holdings of the stock. Aquila Investment Management LLC boosted its holdings in shares of ZoomInfo Technologies by 155.8% in the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock valued at $4,493,000 after acquiring an additional 148,000 shares in the last quarter. Quantbot Technologies LP acquired a new stake in ZoomInfo Technologies in the 3rd quarter worth $1,256,000. Vanguard Group Inc. grew its position in ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after purchasing an additional 2,079,385 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of ZoomInfo Technologies by 9.7% during the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock worth $6,248,000 after acquiring an additional 33,590 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of ZoomInfo Technologies by 127.0% during the 3rd quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock worth $7,088,000 after acquiring an additional 241,361 shares during the period. Institutional investors and hedge funds 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.