ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $7.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target cut by Citigroup from $11.00 to $7.00 in a research report report published on Thursday, Benzinga reports. They currently have a sell rating on the stock.

ZI has been the topic of several other research reports. Raymond James downgraded shares of ZoomInfo Technologies from an outperform rating to a market perform rating in a report on Tuesday, August 6th. Stifel Nicolaus cut their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Barclays cut their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an equal weight rating for the company in a research report on Tuesday, August 6th. Canaccord Genuity Group lowered their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating for the company in a report on Wednesday, May 8th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from an overweight rating to a sector weight rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of Hold and a consensus target price of $13.63.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $9.00 on Thursday. The firm’s 50 day moving average price is $11.64 and its 200-day moving average price is $14.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 0.97. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The firm has a market cap of $3.37 billion, a P/E ratio of 45.00, a P/E/G ratio of 1.93 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results 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). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. During the same period in the previous year, the company earned $0.16 earnings per share. ZoomInfo Technologies’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts predict that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insider Buying and Selling

In other ZoomInfo Technologies news, CEO Henry Schuck bought 1,500,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at $1,041,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 23,974 shares of company stock worth $298,154. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of ZI. Coatue Management LLC bought a new position in ZoomInfo Technologies in the 4th quarter valued at about $120,619,000. Franklin Resources Inc. boosted its stake in shares of ZoomInfo Technologies by 52,230.4% in the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after purchasing an additional 6,043,581 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ZoomInfo Technologies by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after purchasing an additional 223,669 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ZoomInfo Technologies by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after purchasing an additional 548,094 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $55,448,000. 95.47% of the stock is owned by institutional investors.

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.