ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $20.00 by Analysts at Canaccord Genuity Group

ZoomInfo Technologies (NASDAQ:ZI) had its price objective trimmed by Canaccord Genuity Group from $22.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

ZI has been the topic of a number of other research reports. The Goldman Sachs Group downgraded ZoomInfo Technologies from a neutral rating to a sell rating and cut their target price for the stock from $19.50 to $12.00 in a research note on Wednesday. DA Davidson boosted their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. KeyCorp initiated coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They set an overweight rating and a $20.00 target price for the company. Barclays lowered their target price on ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. Finally, UBS Group reduced their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $19.10.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $12.14 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock 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. The stock’s fifty day simple moving average is $16.01 and its two-hundred day simple moving average is $15.89. ZoomInfo Technologies has a 1-year low of $11.67 and a 1-year high of $30.16.

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

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ZI. Qsemble Capital Management LP purchased a new position in ZoomInfo Technologies during the first quarter worth about $272,000. 49 Wealth Management LLC boosted its position in shares of ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock valued at $214,000 after acquiring an additional 1,360 shares during the last quarter. River Global Investors LLP purchased a new position in shares of ZoomInfo Technologies during the first quarter worth about $714,000. Oppenheimer Asset Management Inc. increased its position in shares of ZoomInfo Technologies by 3.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 103,431 shares of the company’s stock worth $1,658,000 after purchasing an additional 3,635 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in ZoomInfo Technologies in the first quarter valued at approximately $183,000. 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.