ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.15 Average PT from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received an average rating of “Reduce” from the twenty-one analysts that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.15.

Several analysts have recently issued reports on ZI shares. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Piper Sandler restated an “underweight” rating and issued a $10.00 target price (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Barclays lowered their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Finally, Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price on the stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $9.53 on Friday. The business’s 50 day simple moving average is $10.23 and its 200-day simple moving average is $10.32. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 317.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $17.45.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, equities analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Activity at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of 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. Xponance Inc. boosted its stake in ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company’s stock valued at $380,000 after purchasing an additional 1,226 shares in the last quarter. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 47.8% during the 4th 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 in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after acquiring an additional 2,275 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in shares of ZoomInfo Technologies by 2.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock worth $1,008,000 after acquiring an additional 2,294 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.