Barclays Cuts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $19.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target dropped by analysts at Barclays from $20.00 to $19.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 24.59% from the stock’s current price.

A number of other equities analysts have also weighed in on ZI. Jefferies Financial Group assumed coverage on ZoomInfo Technologies in a research note on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price objective for the company. Bank of America raised ZoomInfo Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $25.00 in a research note on Monday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Finally, DA Davidson increased their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Two equities research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.53.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $15.25 on Monday. The stock has a 50-day simple moving average of $16.28 and a two-hundred day simple moving average of $15.99. ZoomInfo Technologies has a 52-week low of $12.36 and a 52-week high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $5.79 billion, a PE ratio of 56.48, a P/E/G ratio of 4.08 and a beta of 1.16.

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

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter worth approximately $28,000. Advisors Asset Management Inc. raised its holdings in shares of ZoomInfo Technologies by 84.7% in the third quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock worth $31,000 after buying an additional 876 shares during the period. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 64.2% in the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after buying an additional 646 shares during the period. Advisory Services Network LLC raised its holdings in shares of ZoomInfo Technologies by 222.2% in the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock worth $36,000 after buying an additional 1,000 shares during the period. Finally, Comerica Bank purchased a new stake in shares of ZoomInfo Technologies in the second quarter worth approximately $42,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

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.