ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $14.00 at Wells Fargo & Company

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

A number of other brokerages have also recently commented on ZI. KeyCorp cut shares of ZoomInfo Technologies from an overweight rating to a sector weight rating in a report on Tuesday. Piper Sandler decreased their target price on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a neutral rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. Raymond James lowered ZoomInfo Technologies from an outperform rating to a market perform rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a hold rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have given 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 price target of $13.63.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $8.95 on Tuesday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.06. The firm’s fifty day simple moving average is $11.70 and its 200-day simple moving average is $14.23. 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 has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts forecast that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Peter Cameron Hyzer sold 7,500 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 value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction 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 transaction, the chief technology officer now owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,974 shares of company stock worth $298,154. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. American Trust lifted its stake in shares of ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after purchasing an additional 628 shares during the period. Fifth Third Bancorp raised its position in shares of 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 buying an additional 646 shares during the period. Retirement Systems of Alabama raised its position in shares of ZoomInfo Technologies by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after buying an additional 976 shares during the period. 49 Wealth Management LLC raised its position in shares of ZoomInfo Technologies by 11.3% in the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after buying an additional 1,360 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares during the period. Hedge funds and other 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.