What is DA Davidson’s Estimate for ZI FY2024 Earnings?

ZoomInfo Technologies Inc. (NASDAQ:ZI) – Stock analysts at DA Davidson raised their FY2024 earnings estimates for shares of ZoomInfo Technologies in a 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 forecast of $0.55. DA Davidson 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.

A number of other equities research analysts also recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday. Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Mizuho lifted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp lowered shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Finally, Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four equities research 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.84.

ZoomInfo Technologies Trading Down 3.3 %

Shares of ZI stock opened at $10.23 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 company has a market capitalization of $3.74 billion, a P/E ratio of 341.11, a price-to-earnings-growth ratio of 6.41 and a beta of 1.03. The business’s 50 day moving average is $10.53 and its two-hundred day moving average is $11.28. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in ZoomInfo Technologies by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after buying an additional 7,779 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in ZoomInfo Technologies during the 1st quarter worth about $2,213,000. Covestor Ltd increased its position in ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in ZoomInfo Technologies by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock worth $8,260,000 after purchasing an additional 66,025 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at $201,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.