ZoomInfo Technologies (NASDAQ:ZI) Price Target Lowered to $11.00 at Truist Financial

ZoomInfo Technologies (NASDAQ:ZI) had its price target decreased by Truist Financial from $16.00 to $11.00 in a report published on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on ZoomInfo Technologies from $16.00 to $13.00 and set a buy rating on the stock in a research report on Tuesday. Mizuho reduced their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a neutral rating on the stock in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an underperform rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered shares of ZoomInfo Technologies from a neutral rating to a sell rating and dropped their price objective for the stock from $19.50 to $12.00 in a research note on Wednesday, May 8th. Finally, Canaccord Genuity Group decreased their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of Hold and a consensus price target of $13.63.

ZoomInfo Technologies Trading Up 0.6 %

NASDAQ ZI traded up $0.05 during trading on Tuesday, hitting $9.00. The company had a trading volume of 7,669,735 shares, compared to its average volume of 6,710,231. The company’s fifty day moving average is $11.64 and its 200-day moving average is $14.18. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The company has a current ratio of 0.97, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate 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. On average, sell-side analysts predict that ZoomInfo Technologies will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the director now directly owns 17,622 shares of the company’s stock, valued at $225,209.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,974 shares of company stock worth $298,154. 8.10% of the stock is owned by insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently bought and sold shares of the stock. American Trust raised its stake in ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after purchasing an additional 628 shares during the period. Fifth Third Bancorp lifted 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 in the last quarter. Retirement Systems of Alabama boosted its position in shares of ZoomInfo Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after acquiring an additional 976 shares during the last quarter. 49 Wealth Management LLC grew its stake 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 acquiring an additional 1,360 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after acquiring an additional 1,547 shares during the last quarter. 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.