2 weeks Ago By ABMN Staff
ZoomInfo Technologies ( NASDAQ:ZI – Get Free Report ) had its price objective lowered by investment analysts at Morgan Stanley from $13.00 to $10.00 in a research note issued to investors on Wednesday, Benzinga reports.
The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 24.84% from the company’s current price.
A number of other research firms also recently weighed in on ZI. Barclays increased their price target on shares of ZoomInfo Technologies from $11.00 to $13.
00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on ZoomInfo Technologies from $13.00 to $14.
00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on ZoomInfo Technologies from $14.00 to $15.
00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reduced their price objective on ZoomInfo Technologies from $13.00 to $8.
00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th.
Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $11.58.
Read Our Latest Research Report on ZI ZoomInfo Technologies Price Performance ZoomInfo Technologies ( NASDAQ:ZI – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.
05% and a net margin of 0.74%. The business had revenue of $309.
10 million during the quarter, compared to analyst estimates of $297.64 million. Equities research analysts expect that ZoomInfo Technologies will post 0.
59 EPS for the current year. Institutional Investors Weigh In On ZoomInfo Technologies Hedge funds and other institutional investors have recently modified their holdings of the stock. Mission Wealth Management LP grew its stake in ZoomInfo Technologies by 17.
4% in the first quarter. Mission Wealth Management LP now owns 41,991 shares of the company’s stock worth $420,000 after purchasing an additional 6,215 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in ZoomInfo Technologies by 983.
2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company’s stock worth $1,126,000 after buying an additional 102,207 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of ZoomInfo Technologies in the 1st quarter worth approximately $186,000.
Handelsbanken Fonder AB increased its holdings in shares of ZoomInfo Technologies by 14.9% in the 1st quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock valued at $800,000 after acquiring an additional 10,400 shares during the last quarter.
Finally, SG Americas Securities LLC increased its holdings in shares of ZoomInfo Technologies by 138.4% in the 1st quarter. SG Americas Securities LLC now owns 86,271 shares of the company’s stock valued at $863,000 after acquiring an additional 50,081 shares during the last quarter.
Institutional investors own 95.47% of the company’s stock. About ZoomInfo Technologies ( Get Free Report ) 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. See Also Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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