ZoomInfo Technologies (NASDAQ:ZI) Downgraded by Raymond James

Raymond James cut shares of ZoomInfo Technologies (NASDAQ:ZI) from an outperform rating to a market perform rating in a research note published on Tuesday, MarketBeat.com reports.

ZI has been the subject of a number of other research reports. Piper Sandler cut their price target on shares of ZoomInfo Technologies from $15.00 to $14.00 and set a neutral rating for the company in a report on Friday, July 12th. UBS Group dropped their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Canaccord Genuity Group dropped their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating for the company in a report on Wednesday, May 8th. Citigroup dropped their target price on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a sell rating for the company in a report on Thursday, May 9th. Finally, Wells Fargo & Company dropped their target price on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating for the company in a report on Friday, June 21st. 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. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of Hold and a consensus price target of $13.63.

ZoomInfo Technologies Stock Up 2.9 %

Shares of ZoomInfo Technologies stock opened at $8.95 on Tuesday. The company has a market cap of $3.35 billion, a P/E ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 0.97. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The firm has a fifty day moving average of $11.70 and a two-hundred day moving average of $14.23.

ZoomInfo Technologies (NASDAQ:ZI) last announced 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). The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. On average, analysts forecast 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, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies 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 transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at $1,041,726. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies 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 sale, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of ZoomInfo Technologies 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 owns 17,622 shares in the company, valued at approximately $225,209.16. The disclosure for this sale can be found here. Insiders have sold a total of 23,974 shares of company stock valued at $298,154 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Coatue Management LLC bought a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $120,619,000. Franklin Resources Inc. boosted its holdings in ZoomInfo Technologies by 52,230.4% in the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after purchasing an additional 6,043,581 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 223,669 shares during the period. Norges Bank acquired a new position in ZoomInfo Technologies in the fourth quarter worth $55,448,000. Finally, Kinetic Partners Management LP boosted its holdings in ZoomInfo Technologies by 95.4% in the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock worth $43,529,000 after purchasing an additional 1,325,500 shares during the period. 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.