Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $11.92

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned an average recommendation of “Reduce” from the twenty-one brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.58.

ZI has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Barclays raised their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Mizuho cut their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after purchasing an additional 1,889 shares during the period. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC raised its holdings in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after acquiring an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after acquiring an additional 5,468 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

ZI opened at $7.99 on Monday. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $16.98. The stock has a market capitalization of $2.73 billion, a PE ratio of 266.42, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $10.35.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share 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 analyst estimates of $297.64 million. As a group, sell-side analysts expect that ZoomInfo Technologies will post 0.59 EPS 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.