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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus rating of “Reduce” from the twenty-one analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.92.

Several research firms have weighed in on ZI. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Barclays boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of ZI. Victory Capital Management Inc. lifted its position in ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. KBC Group NV boosted its position 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 buying an additional 2,635 shares during the period. Primecap Management Co. CA boosted its holdings in ZoomInfo Technologies by 97.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares during the period. Pacer Advisors Inc. grew its holdings in ZoomInfo Technologies by 38.7% during the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ZoomInfo Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock worth $22,642,000 after acquiring an additional 29,733 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

ZI opened at $10.89 on Thursday. 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’s 50-day moving average price is $10.49 and its 200 day moving average price is $10.52. The firm has a market capitalization of $3.73 billion, a PE ratio of 363.12, a PEG ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last announced 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 firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. As a group, sell-side 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.