Royal Bank of Canada Trims ZoomInfo Technologies (NASDAQ:ZI) Target Price to $7.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price cut by Royal Bank of Canada from $9.00 to $7.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an underperform rating on the stock.

Several other research analysts have also recently weighed in on ZI. The Goldman Sachs Group cut ZoomInfo Technologies from a neutral rating to a sell rating and reduced their price objective for the stock from $19.50 to $12.00 in a research report on Wednesday, May 8th. Piper Sandler reduced their price objective on ZoomInfo Technologies from $14.00 to $10.00 and set a neutral rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating for the company in a research report on Friday, June 21st. Barclays reduced their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an equal weight rating for the company in a research report on Tuesday. Finally, UBS Group reduced their price objective on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $13.63.

ZoomInfo Technologies Stock Up 2.9 %

NASDAQ:ZI opened at $8.95 on Tuesday. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 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 stock has a market cap of $3.35 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.06. The stock has a 50-day moving average price of $11.70 and a two-hundred day moving average price of $14.23.

ZoomInfo Technologies (NASDAQ:ZI) last posted its 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 net margin of 1.25% and a return on equity of 10.96%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that ZoomInfo Technologies will post 0.69 earnings per share for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Ali Dasdan sold 5,862 shares of the company’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 value of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares in the company, valued at approximately $1,041,726. The disclosure for this sale can be found here. Insiders have sold 23,974 shares of company stock worth $298,154 over the last 90 days. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position 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 valued at $31,000 after purchasing an additional 646 shares during the last quarter. J.Safra Asset Management Corp grew its position in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares in the last quarter. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $43,000. Covestor Ltd grew its position in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after buying an additional 2,939 shares in the last quarter. Institutional investors and hedge funds 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.