ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $15.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective decreased by equities research analysts at Needham & Company LLC from $25.00 to $15.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 72.41% from the company’s previous close.

Several other research analysts also recently commented on ZI. Mizuho decreased their price target on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday. Canaccord Genuity Group lowered their price target on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Citigroup reduced their price objective on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. KeyCorp lowered ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Finally, Raymond James cut ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.83.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $8.70 on Tuesday. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a fifty day moving average of $11.78 and a 200-day moving average of $14.27. The company has a market capitalization of $3.25 billion, a P/E ratio of 43.50, a P/E/G ratio of 2.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. As a group, equities research analysts predict that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now owns 17,622 shares in the company, valued at approximately $225,209.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the director now owns 17,622 shares in the company, valued at approximately $225,209.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the transaction, the chief technology officer now owns 87,540 shares of the company’s stock, valued at $1,041,726. The disclosure for this sale can be found here. Insiders sold 23,974 shares of company stock worth $298,154 over the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in ZoomInfo Technologies during the 2nd quarter valued at approximately $618,000. Quest Partners LLC grew its stake in shares of ZoomInfo Technologies by 106.1% in the second quarter. Quest Partners LLC now owns 23,821 shares of the company’s stock worth $304,000 after acquiring an additional 12,264 shares during the last quarter. Caprock Group LLC increased its holdings in shares of ZoomInfo Technologies by 7.1% during the second quarter. Caprock Group LLC now owns 152,872 shares of the company’s stock valued at $1,952,000 after acquiring an additional 10,165 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of ZoomInfo Technologies in the 2nd quarter worth about $987,000. Finally, Victory Capital Management Inc. raised its position in shares of ZoomInfo Technologies by 47.2% in the 2nd quarter. Victory Capital Management Inc. now owns 89,253 shares of the company’s stock worth $1,140,000 after purchasing an additional 28,617 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

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.