ZoomInfo Technologies (NASDAQ:ZI) PT Lowered to $15.00 at Needham & Company LLC

ZoomInfo Technologies (NASDAQ:ZI) had its target price lowered by Needham & Company LLC from $25.00 to $15.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on ZI. The Goldman Sachs Group downgraded ZoomInfo Technologies from a neutral rating to a sell rating and lowered their target price for the company from $19.50 to $12.00 in a research note on Wednesday, May 8th. Mizuho cut their price objective 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. Raymond James downgraded shares of ZoomInfo Technologies from an outperform rating to a market perform rating in a research report on Tuesday. Wells Fargo & Company cut their price target on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating on the stock in a report on Friday, June 21st. Finally, Bank of America cut shares of ZoomInfo Technologies from a buy rating to an underperform rating and decreased their price objective for the stock from $23.00 to $8.00 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $13.63.

ZoomInfo Technologies Stock Up 0.6 %

Shares of ZI traded up $0.05 during trading hours on Tuesday, reaching $9.00. The company’s stock had a trading volume of 7,669,735 shares, compared to its average volume of 6,710,231. The company has a 50 day moving average of $11.64 and a two-hundred day moving average of $14.18. The company has a quick ratio of 1.11, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 45.00, a P/E/G ratio of 1.93 and a beta of 1.06. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, research analysts predict that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the purchase, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the transaction, the director now owns 17,622 shares of the company’s stock, valued at $225,209.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought 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 of the company’s stock, valued at approximately $100,080,128.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 23,974 shares of company stock worth $298,154. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares during the last quarter. Arizona State Retirement System increased its holdings in ZoomInfo Technologies by 10.1% during the 4th quarter. Arizona State Retirement System now owns 78,560 shares of the company’s stock valued at $1,453,000 after purchasing an additional 7,213 shares in the last quarter. International Assets Investment Management LLC raised its position in ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares during the last quarter. Sowell Financial Services LLC raised its position in ZoomInfo Technologies by 153.5% in the 4th quarter. Sowell Financial Services LLC now owns 32,691 shares of the company’s stock valued at $604,000 after purchasing an additional 19,797 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in ZoomInfo Technologies by 1.8% in the fourth quarter. New York State Teachers Retirement System now owns 248,164 shares of the company’s stock worth $4,589,000 after purchasing an additional 4,479 shares in the last quarter. 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.