ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $13.40 Consensus Price Target from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus recommendation of “Hold” from the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.40.

ZI has been the subject of a number of research analyst reports. Mizuho lowered their price target on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Needham & Company LLC lowered their price objective on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Raymond James cut ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the purchase, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the completion of the sale, the chief financial officer now directly owns 1,316,518 shares in the company, valued at $16,285,327.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Henry Schuck acquired 1,500,000 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the purchase, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The disclosure for this purchase can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

Institutional investors have recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $613,000. Norges Bank purchased a new position in ZoomInfo Technologies in the 4th quarter valued at about $55,448,000. Janus Henderson Group PLC increased its position in shares of ZoomInfo Technologies by 7.1% during the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after acquiring an additional 17,193 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $3,072,000. Finally, G2 Investment Partners Management LLC purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $2,188,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.50 on Thursday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 52.50, a PEG ratio of 6.26 and a beta of 1.05. The business has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $12.55. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly 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 business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, analysts predict that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

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.