ZoomInfo Technologies (NASDAQ:ZI) Hits New 52-Week Low on Analyst Downgrade – MarketBeat

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ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) shares reached a new 52-week low on Friday after The Goldman Sachs Group lowered their price target on the stock from $62.00 to $54.00. The Goldman Sachs Group currently has a buy rating on the stock. ZoomInfo Technologies traded as low as $28.83 and last traded at $28.85, with a volume of 65332 shares changing hands. The stock had previously closed at $31.25.
ZI has been the topic of a number of other reports. Daiwa Capital Markets initiated coverage on ZoomInfo Technologies in a research note on Wednesday, September 28th. They set a “buy” rating and a $66.00 price target on the stock. Royal Bank of Canada cut their price target on shares of ZoomInfo Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Credit Suisse Group decreased their price objective on shares of ZoomInfo Technologies from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group lowered their target price on ZoomInfo Technologies from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays reduced their price objective on ZoomInfo Technologies from $54.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Buy” and a consensus target price of $54.71.

Insider Activity

In related news, CFO Peter Cameron Hyzer sold 5,000 shares of ZoomInfo Technologies stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.70, for a total transaction of $218,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,142,531 shares of the company’s stock, valued at approximately $49,928,604.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Peter Cameron Hyzer sold 5,000 shares of ZoomInfo Technologies stock in a transaction on Friday, September 9th. The stock was sold at an average price of $43.70, for a total value of $218,500.00. Following the transaction, the chief financial officer now directly owns 1,142,531 shares in the company, valued at approximately $49,928,604.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 181,938 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $46.26, for a total transaction of $8,416,451.88. Following the transaction, the insider now owns 40,897,624 shares of the company’s stock, valued at approximately $1,891,924,086.24. The disclosure for this sale can be found here. Insiders sold a total of 553,352 shares of company stock worth $26,630,172 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp increased its stake in ZoomInfo Technologies by 71.7% during the 2nd quarter. State Street Corp now owns 5,874,049 shares of the company’s stock worth $195,253,000 after buying an additional 2,453,367 shares in the last quarter. Dragoneer Investment Group LLC lifted its holdings in ZoomInfo Technologies by 134.2% in the 1st quarter. Dragoneer Investment Group LLC now owns 3,943,215 shares of the company’s stock valued at $235,568,000 after purchasing an additional 2,259,831 shares in the last quarter. Capital World Investors boosted its stake in ZoomInfo Technologies by 7.1% during the 1st quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock worth $1,685,604,000 after purchasing an additional 1,872,595 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of ZoomInfo Technologies by 33.5% during the first quarter. Jennison Associates LLC now owns 7,462,240 shares of the company’s stock worth $445,794,000 after buying an additional 1,871,380 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of ZoomInfo Technologies by 8.0% during the first quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock worth $1,378,944,000 after buying an additional 1,717,608 shares in the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.

ZoomInfo Technologies Price Performance

The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 67.93, a PEG ratio of 2.77 and a beta of 1.29. The stock’s 50-day moving average price is $43.20 and its 200 day moving average price is $42.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $267.10 million for the quarter, compared to analysts’ expectations of $254.45 million. ZoomInfo Technologies had a return on equity of 8.05% and a net margin of 18.15%. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.

ZoomInfo Technologies Company Profile

(Get Rating)
ZoomInfo Technologies Inc, through 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.

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