ZoomInfo Technologies (NASDAQ:ZI) PT fell to $7.00 at Citigroup

ZoomInfo Technologies (NASDAQ:ZI – Get a Free Report) The price target was lowered by research analysts at Citigroup from $11.00 to $7.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup’s target price would indicate a potential downside of 22.22% from the company’s current price.

Other analysts have also issued research reports on the stock. Royal Bank of Canada cut their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday. Truist Financial cut their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Morgan Stanley cut 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 research note on Wednesday, 17 April. Four investment 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. The company presently has a consensus rating of “Hold” and an average target price of $13.63, based on data from MarketBeat.com.

Read the latest stock analysis on ZoomInfo Technologies

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock traded up $0.05 on Thursday, reaching $9.00. The stock had a trading volume of 7,669,735 shares, compared to its average volume of 6,710,231. The stock 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. The company has a quick ratio of 1.11, a current ratio of 0.97, and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The company’s 50-day moving average is $11.64, and its two-hundred-day moving average is $14.18.

ZoomInfo Technologies (NASDAQ:ZI – Get Your Free Report ) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. ZoomInfo Technologies’s revenue was down 5.5% compared to the same quarter last year. In the same period last year, the company posted earnings of $0.16 per share. analysts forecast that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insiders place their bets

In related news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the sale, the director now owns 17,622 shares in the company, valued at $225,209.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other news, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the transaction, the director now owns 17,622 shares of the company’s stock, valued at approximately $225,209.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,974 shares of company stock worth $298,154. Insiders own 8.10% of the company’s shares.

Institutional investors are investing in ZoomInfo Technologies

Institutional investors have recently added to or reduced their stakes in the business. Coatue Management LLC purchased a new position in shares of ZoomInfo Technologies in the fourth quarter valued at $120,619,000. Franklin Resources Inc. increased its position in shares of ZoomInfo Technologies by 52,230.4% during the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after buying an additional 6,043,581 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 223,669 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ZoomInfo Technologies by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after acquiring an additional 548,094 shares during the period. Finally, Norges Bank purchased a new position in ZoomInfo Technologies during the fourth quarter valued at about $55,448,000. 95.47% of shares are held by hedge funds and other institutional investors.

About ZoomInfo Technologies

(Get a free report)

ZoomInfo Technologies Inc, together with its subsidiaries, provides a market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information about organizations and professionals to help users identify target customers and decision makers, obtain a continuously updated predictive and company score, monitor buy signals and other attributes of target companies, create messages, engage through automated sales tools, and track progress through the deal cycle.

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