ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $11.00 at Mizuho

ZoomInfo Technologies (NASDAQ:ZI) had its price target hoisted by analysts at Mizuho from $9.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential downside of 15.90% from the stock’s current price.

Several other equities analysts also recently weighed in on ZI. Stifel Nicolaus lowered their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Raymond James cut ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. DA Davidson downgraded ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company dropped their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and an average target price of $12.76.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $13.08 on Wednesday. The company has a 50-day moving average price of $10.49 and a 200-day moving average price of $11.37. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $19.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.78 billion, a P/E ratio of 327.08, a PEG ratio of 7.74 and a beta of 1.03.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, November 12th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The business had revenue of $303.60 million during the quarter, compared to analysts’ expectations of $299.45 million. Equities research analysts anticipate that ZoomInfo Technologies will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. Pacer Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after buying an additional 2,585,631 shares in the last quarter. Marshall Wace LLP bought a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at about $73,435,000. Bank of New York Mellon Corp grew its position in ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after acquiring an additional 223,669 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ZoomInfo Technologies by 20.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after acquiring an additional 548,094 shares during the last quarter. Finally, Kinetic Partners Management LP raised its position in ZoomInfo Technologies by 95.4% during the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock valued at $43,529,000 after purchasing an additional 1,325,500 shares during the period. Hedge funds and other 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.