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

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

ZI has been the subject of several other reports. Raymond James cut ZoomInfo Technologies from an outperform rating to a market perform rating in a report on Tuesday. UBS Group reduced their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Citigroup cut their price target 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. Bank of America downgraded 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. Finally, Barclays reduced their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an equal weight rating for the company in a research report on Tuesday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of Hold and an average price target of $13.63.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.05 during mid-day trading on Tuesday, reaching $9.00. 7,669,735 shares of the company were exchanged, compared to its average volume of 6,710,231. The firm has a market cap of $3.37 billion, a PE ratio of 45.00, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $14.18. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results 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 firm 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 firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Equities analysts predict that ZoomInfo Technologies will post 0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, June 4th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction 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 transaction, the chief technology officer now owns 87,540 shares in the company, valued at approximately $1,041,726. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. The disclosure for this purchase can be found here. Insiders have sold a total of 23,974 shares of company stock valued at $298,154 in the last quarter. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZI. Coatue Management LLC acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $120,619,000. Franklin Resources Inc. boosted its position in ZoomInfo Technologies by 52,230.4% during the 4th 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. Norges Bank purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $55,448,000. Delta Global Management LP raised its position in ZoomInfo Technologies by 280.1% in the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after purchasing an additional 1,911,221 shares during the period. Finally, Kinetic Partners Management LP lifted its stake in shares of ZoomInfo Technologies by 95.4% during 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 in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.