ZoomInfo Technologies (NASDAQ:ZI) Lowered to Sell at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of ZoomInfo Technologies (NASDAQ:ZI) from a neutral rating to a sell rating in a research report report published on Wednesday, Marketbeat Ratings reports. The Goldman Sachs Group currently has $12.00 price objective on the stock, down from their previous price objective of $19.50.

Other analysts have also issued reports about the company. Jefferies Financial Group started coverage on ZoomInfo Technologies in a research note on Wednesday, February 7th. They issued a buy rating and a $20.00 target price for the company. Needham & Company LLC restated a buy rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Truist Financial upped their target price on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a hold rating in a research report on Tuesday, February 13th. Morgan Stanley lowered their price target 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. Finally, Bank of America upgraded ZoomInfo Technologies from a neutral rating to a buy rating and increased their price objective for the company from $20.00 to $25.00 in a research report on Monday, January 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $19.10.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $12.14 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.61 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $15.89.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. During the same period in the previous year, the business earned $0.13 EPS. ZoomInfo Technologies’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Trading of ZoomInfo Technologies

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in ZoomInfo Technologies by 6.6% during the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after acquiring an additional 2,079,385 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ZoomInfo Technologies by 2.0% during the third quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company’s stock worth $484,963,000 after purchasing an additional 586,623 shares during the period. FMR LLC lifted its holdings in shares of ZoomInfo Technologies by 180.0% during the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after purchasing an additional 8,909,420 shares in the last quarter. Cadian Capital Management LP grew its position in shares of ZoomInfo Technologies by 110.7% in the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after purchasing an additional 5,131,000 shares during the period. Finally, Coatue Management LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $120,619,000. 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.