ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $7.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price cut by Royal Bank of Canada from $9.00 to $7.00 in a report released on Tuesday morning, Benzinga reports. They currently have an underperform rating on the stock.

ZI has been the topic of several other research reports. Raymond James downgraded ZoomInfo Technologies from an outperform rating to a market perform rating in a research report on Tuesday. Mizuho cut their target price on ZoomInfo Technologies from $14.00 to $9.00 and set a neutral rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a hold rating for the company in a research note on Tuesday. UBS Group reduced their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Finally, Barclays dropped their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an equal weight rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies currently has a consensus rating of Hold and an average target price of $13.63.

ZoomInfo Technologies Stock Up 0.6 %

Shares of ZoomInfo Technologies stock traded up $0.05 during trading on Tuesday, reaching $9.00. The stock had a trading volume of 7,669,735 shares, compared to its average volume of 6,710,231. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $19.39. The stock has a fifty day moving average price of $11.64 and a two-hundred day moving average price of $14.18. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 45.00, a P/E/G ratio of 1.93 and a beta of 1.06. The company has a current ratio of 0.97, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same period in the previous year, the business earned $0.16 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts predict that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insider Activity

In related news, CEO Henry Schuck bought 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the transaction, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Henry Schuck bought 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 23,974 shares of company stock valued at $298,154. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the period. GAMMA Investing LLC acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $43,000. Covestor Ltd increased its position in ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after buying an additional 2,939 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Company Profile

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.