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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given a consensus recommendation of “Reduce” by the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.92.

A number of research analysts have commented 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. Scotiabank raised their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday. Barclays lifted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday.

ZoomInfo Technologies Price Performance

ZI opened at $11.66 on Friday. The firm has a market cap of $4.00 billion, a P/E ratio of 388.80, a PEG ratio of 13.05 and a beta of 1.01. The firm has a 50-day moving average of $10.30 and a 200 day moving average of $10.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $17.13.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data 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 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 analysts’ expectations of $297.64 million. On average, research analysts expect that ZoomInfo Technologies will post 0.59 EPS for the current year.

Insider Activity at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Xponance Inc. increased its holdings in ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company’s stock valued at $380,000 after buying an additional 1,226 shares during the last quarter. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after buying an additional 2,275 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock valued at $1,008,000 after buying an additional 2,294 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.