ZoomInfo Technologies (NASDAQ:ZI) Sets New 12-Month Low - Should You Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $7.60 and last traded at $7.70, with a volume of 5547038 shares traded. The stock had previously closed at $8.79.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler upgraded ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.92.

ZoomInfo Technologies Stock Up 15.5 %

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.93 billion, a PE ratio of 285.43, a PEG ratio of 13.05 and a beta of 1.00. The company's 50 day moving average price is $10.26 and its two-hundred day moving average price is $10.43.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after acquiring an additional 1,160 shares during the last quarter. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after purchasing an additional 1,226 shares during the last quarter. Fifth Third Bancorp grew its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after purchasing an additional 2,294 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of ZoomInfo Technologies by 22.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after buying an additional 2,456 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.