ZoomInfo Technologies (NASDAQ:ZI) Given New $9.00 Price Target at Mizuho

ZoomInfo Technologies (NASDAQ:ZI) had its price objective reduced by Mizuho from $11.00 to $9.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on ZI. Stifel Nicolaus upped their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. DA Davidson lowered their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Scotiabank boosted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Finally, Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $11.58.

ZoomInfo Technologies Stock Up 0.3 %

NASDAQ ZI opened at $8.01 on Tuesday. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $16.98. The business has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $10.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $2.74 billion, a PE ratio of 267.09, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. Equities analysts expect that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its position in shares of ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after acquiring an additional 1,889 shares during the period. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares during the period. 95.47% of the stock is 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.