ZoomInfo Technologies (NASDAQ:ZI) Given New $21.00 Price Target at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI) had its price target dropped by Wells Fargo & Company from $28.00 to $21.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 76.92% from the company’s previous close.

A number of other research firms have also recently commented on ZI. UBS Group cut their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Barclays decreased their price objective on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. DA Davidson increased their target price on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus lowered their price target on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.43.

ZoomInfo Technologies Stock Down 25.9 %

ZI traded down $4.15 during trading on Wednesday, hitting $11.87. The stock had a trading volume of 14,254,953 shares, compared to its average volume of 6,354,020. ZoomInfo Technologies has a twelve month low of $11.67 and a twelve month high of $30.16. The stock has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $4.51 billion, a PE ratio of 43.56, a PEG ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. On average, research analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the period. GAMMA Investing LLC acquired a new position in ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC increased its holdings in shares of ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the period. Quest Partners LLC acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at approximately $62,000. Finally, Quadrant Capital Group LLC raised its position in shares of ZoomInfo Technologies by 85.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 shares in the last quarter. 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.