ZoomInfo Technologies (NASDAQ:ZI) Given New $18.00 Price Target at Morgan Stanley

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lowered by Morgan Stanley from $20.00 to $18.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. Barclays decreased their price target on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating on the stock in a report on Monday. Citigroup lowered shares of ZoomInfo Technologies from a neutral rating to a sell rating and decreased their price target for the stock from $20.00 to $13.00 in a report on Thursday, February 8th. Jefferies Financial Group initiated coverage on shares of ZoomInfo Technologies in a report on Wednesday, February 7th. They issued a buy rating and a $20.00 price target on the stock. Bank of America raised shares of ZoomInfo Technologies from a neutral rating to a buy rating and increased their target price for the company from $20.00 to $25.00 in a report on Monday, January 29th. Finally, Royal Bank of Canada reaffirmed an underperform rating and set a $14.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of Moderate Buy and a consensus target price of $21.43.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $15.50 on Wednesday. The company’s 50 day simple moving average is $16.28 and its two-hundred day simple moving average is $15.98. The stock has a market capitalization of $5.89 billion, a PE ratio of 57.41, a P/E/G ratio of 3.93 and a beta of 1.16. ZoomInfo Technologies has a 1 year low of $12.36 and a 1 year high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. Analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of ZoomInfo Technologies by 16.2% in the 1st quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $807,000 after purchasing an additional 1,879 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 78.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company’s stock worth $678,000 after purchasing an additional 4,999 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of ZoomInfo Technologies by 47.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after purchasing an additional 617 shares during the period. Panagora Asset Management Inc. lifted its position in shares of ZoomInfo Technologies by 294.1% in the 1st quarter. Panagora Asset Management Inc. now owns 24,918 shares of the company’s stock worth $1,489,000 after purchasing an additional 18,596 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of ZoomInfo Technologies by 10.4% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company’s stock worth $2,603,000 after purchasing an additional 4,118 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.