Daiwa America Lowers ZoomInfo Technologies (NASDAQ:ZI) to Hold

Daiwa America cut shares of ZoomInfo Technologies (NASDAQ:ZI) from a strong-buy rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

Several other equities analysts also recently weighed in on ZI. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an outperform rating to a neutral rating and cut their price target for the stock from $15.00 to $9.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a hold rating on the stock in a research note on Tuesday, August 6th. The Goldman Sachs Group cut shares of ZoomInfo Technologies from a neutral rating to a sell rating and reduced their target price for the stock from $19.50 to $12.00 in a report on Wednesday, May 8th. Truist Financial lowered their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a hold rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reduced their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an underperform rating for the company in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $13.40.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $9.20 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $11.39 and its 200-day moving average price is $13.99. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The firm has a market capitalization of $3.44 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities research analysts predict that ZoomInfo Technologies will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, CEO Henry Schuck purchased 1,500,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the transaction, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the sale, the director now directly owns 17,622 shares of the company’s stock, valued at approximately $225,209.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,974 shares of company stock worth $298,154. 8.10% of the stock is owned by insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. J.Safra Asset Management Corp raised its stake in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares during the period. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 44.0% in the 1st quarter. Fifth Third Bancorp now owns 2,381 shares of the company’s stock valued at $38,000 after buying an additional 728 shares during the period. GAMMA Investing LLC purchased a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $43,000. Covestor Ltd increased its position in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after acquiring an additional 2,939 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.