ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $13.40 Consensus Target Price from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.40.

Several research analysts have recently issued reports on the stock. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Mizuho reduced their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Barclays reduced their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus reduced their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Daiwa Capital Markets cut shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 1,500,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $37,000. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at $31,000. Creative Planning acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at $254,000. Wedmont Private Capital acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at $110,000. Finally, GAMMA Investing LLC grew its stake in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 1.3 %

ZoomInfo Technologies stock opened at $10.35 on Monday. The firm has a 50 day simple moving average of $9.98 and a 200-day simple moving average of $11.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $3.87 billion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 6.49 and a beta of 1.06. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. As a group, equities research analysts expect that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

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.