Barclays Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target lowered by Barclays from $15.00 to $11.00 in a research note released on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. KeyCorp lowered shares of ZoomInfo Technologies from an overweight rating to a sector weight rating in a report on Tuesday. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating for the company in a research report on Friday, June 21st. Piper Sandler dropped their target price on ZoomInfo Technologies from $14.00 to $10.00 and set a neutral rating on the stock in a report on Tuesday. Canaccord Genuity Group decreased their price target on ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating for the company in a report on Wednesday, May 8th. Finally, DA Davidson lowered shares of ZoomInfo Technologies from a buy rating to a neutral rating and dropped their price objective for the company from $20.00 to $9.50 in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $13.63.

ZoomInfo Technologies Trading Up 0.6 %

ZoomInfo Technologies stock traded up $0.05 during midday 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. The stock’s 50-day simple moving average is $11.64 and its 200 day simple moving average is $14.18. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 0.97. The stock has a market capitalization of $3.37 billion, a PE ratio of 45.00, a price-to-earnings-growth 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 earnings per share for the quarter, missing the consensus estimate 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 net margin of 1.25% and a return on equity of 10.96%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts expect that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insider Transactions at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 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 transaction of $95,850.00. Following the completion of the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other ZoomInfo Technologies news, 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 transaction of $95,850.00. Following the completion of the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,974 shares of company stock worth $298,154. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ZI. American Trust increased its holdings in shares of ZoomInfo Technologies by 5.9% in the fourth quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after purchasing an additional 628 shares in the last quarter. Fifth Third Bancorp increased its stake 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 valued at $31,000 after acquiring an additional 646 shares during the last quarter. Retirement Systems of Alabama increased 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 valued at $5,963,000 after buying an additional 976 shares in the last quarter. 49 Wealth Management LLC boosted its position in shares of ZoomInfo Technologies by 11.3% during the first 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. boosted its holdings in ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after purchasing an additional 1,547 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.