Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $21.43

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.43.

A number of brokerages have weighed in on ZI. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Jefferies Financial Group began coverage on shares of ZoomInfo Technologies in a report on Wednesday, February 7th. They set a “buy” rating and a $20.00 price objective for the company. Piper Sandler boosted their target price on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Citigroup downgraded ZoomInfo Technologies from a “neutral” rating to a “sell” rating and lowered their price target for the company from $20.00 to $13.00 in a research report on Thursday, February 8th. Finally, Barclays cut their price objective on ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $16.36 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $6.21 billion, a PE ratio of 60.59, a PEG ratio of 4.23 and a beta of 1.16. The firm’s 50 day moving average price is $16.08 and its 200 day moving average price is $15.92. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. ZoomInfo Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, research analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the business. American Trust boosted its holdings in ZoomInfo Technologies by 5.9% during the fourth quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after purchasing an additional 628 shares in the last quarter. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after buying an additional 646 shares in the last quarter. Retirement Systems of Alabama grew its position in ZoomInfo Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock valued at $5,963,000 after acquiring an additional 976 shares during the period. Stifel Financial Corp grew its position in ZoomInfo Technologies by 0.5% in the third quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock valued at $3,691,000 after acquiring an additional 1,143 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in ZoomInfo Technologies by 15.7% during the third quarter. Harbor Capital Advisors Inc. now owns 11,404 shares of the company’s stock worth $187,000 after acquiring an additional 1,545 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.