DA Davidson Has Optimistic Outlook of ZI FY2024 Earnings

ZoomInfo Technologies Inc. (NASDAQ:ZI) – Equities researchers at DA Davidson lifted their FY2024 earnings per share estimates for shares of ZoomInfo Technologies in a research note issued to investors on Wednesday, November 13th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of $0.60 for the year, up from their previous estimate of $0.55. DA Davidson currently has a “Neutral” rating and a $9.50 price target on the stock. The consensus estimate for ZoomInfo Technologies’ current full-year earnings is $0.55 per share.

Several other research analysts have also weighed in on the company. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus cut their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Mizuho raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler raised their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Trading Up 0.5 %

Shares of ZI opened at $10.58 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.86 billion, a P/E ratio of 352.78, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The stock’s fifty day simple moving average is $10.50 and its 200 day simple moving average is $11.36. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently made changes to their positions in the stock. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $31,000. J.Safra Asset Management Corp grew its holdings in ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares in the last quarter. Finally, Covestor Ltd lifted its position in ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after purchasing an additional 2,861 shares during the period. 95.47% of the stock is owned by institutional investors.

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.