Stifel Nicolaus Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $20.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective decreased by research analysts at Stifel Nicolaus from $24.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 58.98% from the stock’s previous close.

ZI has been the topic of several other reports. KeyCorp began coverage on ZoomInfo Technologies in a research note on Thursday, March 21st. They set an “overweight” rating and a $20.00 target price on the stock. Morgan Stanley decreased 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. Jefferies Financial Group initiated coverage on shares of ZoomInfo Technologies in a report on Wednesday, February 7th. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group downgraded ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their target price for the company from $19.50 to $12.00 in a research report on Wednesday. Finally, Citigroup cut ZoomInfo Technologies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $19.00.

ZoomInfo Technologies Stock Performance

ZI stock opened at $12.58 on Wednesday. ZoomInfo Technologies has a one year low of $11.67 and a one year high of $30.16. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 4.28 and a beta of 1.13. 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 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $15.87.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently bought and sold shares of the business. Qsemble Capital Management LP purchased a new stake in shares of ZoomInfo Technologies in the first quarter valued at approximately $272,000. 49 Wealth Management LLC lifted its holdings in ZoomInfo Technologies by 11.3% during the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock valued at $214,000 after purchasing an additional 1,360 shares in the last quarter. River Global Investors LLP acquired a new stake in shares of ZoomInfo Technologies in the first quarter valued at about $714,000. Oppenheimer Asset Management Inc. increased its stake in shares of ZoomInfo Technologies by 3.6% during 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 in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of ZoomInfo Technologies during the first quarter worth about $183,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.