ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $14.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lowered by Wells Fargo & Company from $19.00 to $14.00 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a report on Wednesday, April 17th. UBS Group reduced their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Barclays lowered their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an equal weight rating on the stock in a report on Tuesday. Royal Bank of Canada decreased their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an underperform rating for the company in a report on Tuesday. Finally, Citigroup dropped their target price on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a sell rating on the stock in a report on Thursday, May 9th. Four equities research 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, ZoomInfo Technologies presently has a consensus rating of Hold and a consensus price target of $13.63.

ZoomInfo Technologies Stock Up 0.6 %

NASDAQ ZI traded up $0.05 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 1 year low of $7.65 and a 1 year high of $19.39. The business has a 50 day moving average price of $11.64 and a 200 day moving average price of $14.18. The company has a current ratio of 0.97, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. 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.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data 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 during 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 company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, analysts forecast that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the sale, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at $1,041,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Ali Dasdan sold 5,862 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,041,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the sale, the director now owns 17,622 shares in the company, valued at $225,209.16. The disclosure for this sale can be found here. Insiders have sold 23,974 shares of company stock valued at $298,154 in the last 90 days. 8.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Boston Partners acquired a new stake in shares of ZoomInfo Technologies during the 1st quarter worth approximately $613,000. Norges Bank acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $55,448,000. Bailard Inc. increased its stake in shares of ZoomInfo Technologies by 420.0% in the 4th quarter. Bailard Inc. now owns 129,595 shares of the company’s stock valued at $2,396,000 after acquiring an additional 104,675 shares during the last quarter. Aquila Investment Management LLC raised its position in shares of ZoomInfo Technologies by 155.8% in the 4th 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 during the period. Finally, Janus Henderson Group PLC grew its holdings in ZoomInfo Technologies by 7.1% during the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after purchasing an additional 17,193 shares during the period. Institutional investors 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.