Mizuho Lowers ZoomInfo Technologies (NASDAQ:ZI) to Neutral

ZoomInfo Technologies (NASDAQ:ZI) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a $14.00 target price on the stock, down from their previous target price of $23.00. Mizuho’s price target indicates a potential downside of 12.61% from the stock’s current price.

A number of other research analysts also recently weighed in on ZI. Wells Fargo & Company raised their price target on ZoomInfo Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. DA Davidson raised 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. Piper Sandler downgraded ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $24.00 to $15.00 in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Finally, Morgan Stanley reduced their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average price target of $20.15.

ZoomInfo Technologies Stock Down 3.6 %

ZI stock opened at $16.02 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 business has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.90. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 59.34, a P/E/G ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted 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. The firm had revenue of $316.40 million during 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%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. Analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in ZoomInfo Technologies by 6.6% in the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after acquiring an additional 2,079,385 shares during the period. Wellington Management Group LLP grew its stake in ZoomInfo Technologies by 2.0% in the third quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company’s stock valued at $484,963,000 after acquiring an additional 586,623 shares during the period. FMR LLC grew its stake in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after acquiring an additional 8,909,420 shares during the period. Cadian Capital Management LP grew its stake in ZoomInfo Technologies by 110.7% in the third quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after acquiring an additional 5,131,000 shares during the period. Finally, Coatue Management LLC bought a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $120,619,000. Institutional investors and hedge funds 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.