ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $11.92 Consensus PT from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given a consensus recommendation of “Reduce” by the twenty-one brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.92.

Several equities analysts have issued reports on ZI shares. Barclays lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Stifel Nicolaus upped their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Wells Fargo & Company upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company 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.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its position in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after acquiring an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Up 1.7 %

Shares of NASDAQ ZI opened at $11.07 on Thursday. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $16.98. The stock’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $10.54. The stock has a market capitalization of $3.79 billion, a PE ratio of 369.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, analysts expect that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

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.