ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Rating of “Reduce” from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given an average recommendation of “Reduce” by the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.92.

Several equities analysts recently weighed in on ZI shares. 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. Citigroup boosted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group raised their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Morgan Stanley increased their price target 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.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake 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 during the period. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC increased its holdings in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares during the period. Finally, American Trust bought a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $104,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $7.93 on Monday. The company has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.40. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.71 billion, a P/E ratio of 264.42, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. Equities research analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current 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.