Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $21.43

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.43.

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Truist Financial lifted their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Royal Bank of Canada reissued an “underperform” rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Finally, Citigroup cut shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $16.36 on Monday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 60.59, a P/E/G ratio of 4.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies has a 1 year low of $12.36 and a 1 year high of $30.16. The company’s fifty day moving average is $16.08 and its two-hundred day moving average is $15.92.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, sell-side analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Trading of ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after purchasing an additional 8,909,420 shares during the last quarter. Coatue Management LLC acquired a new stake in ZoomInfo Technologies during the fourth quarter valued at approximately $120,619,000. Franklin Resources Inc. lifted its holdings in ZoomInfo Technologies by 52,230.4% during the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after buying an additional 6,043,581 shares during the last quarter. Cadian Capital Management LP grew its position in shares of ZoomInfo Technologies by 110.7% in the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock worth $160,156,000 after acquiring an additional 5,131,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $55,448,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.