ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Rating of “Reduce” by Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Reduce” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.63.

A number of analysts have commented on ZI shares. Mizuho decreased 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, April 15th. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. DA Davidson dropped their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Finally, Barclays raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its stake in ZoomInfo Technologies by 143.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock worth $32,000 after purchasing an additional 1,886 shares in the last quarter. UMB Bank n.a. increased its position in shares of ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock worth $34,000 after acquiring an additional 1,889 shares in the last quarter. Brooklyn Investment Group boosted its stake in ZoomInfo Technologies by 180.5% in the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock worth $51,000 after purchasing an additional 3,306 shares during the period. GAMMA Investing LLC grew its position in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock worth $66,000 after purchasing an additional 1,484 shares in the last quarter. Finally, US Bancorp DE grew its position in ZoomInfo Technologies by 32.9% during the 1st quarter. US Bancorp DE now owns 8,458 shares of the company’s stock worth $85,000 after purchasing an additional 2,092 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Up 1.2%

Shares of NASDAQ:ZI opened at $10.54 on Wednesday. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm’s 50 day moving average price is $9.97 and its 200 day moving average price is $9.86. 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 stock has a market cap of $3.61 billion, a price-to-earnings ratio of 351.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to analysts’ expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share 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.