Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $11.92

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given an average recommendation of “Reduce” by the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.58.

Several equities research analysts recently issued reports on the company. Scotiabank lifted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZI. UMB Bank n.a. raised its position in 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 during the period. Fifth Third Bancorp increased its stake in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% during 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 in the last quarter. Nisa Investment Advisors LLC grew its holdings in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $8.01 on Monday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 267.09, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The stock has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $10.32. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current 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.