ZoomInfo Technologies (NASDAQ:ZI) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a report issued on Wednesday, Benzinga reports. The firm currently has a $25.00 price target on the stock.

ZI has been the topic of a number of other reports. Barclays cut their price target on ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group started coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a buy rating and a $20.00 target price on the stock. Morgan Stanley decreased their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. The Goldman Sachs Group lowered shares of ZoomInfo Technologies from a neutral rating to a sell rating and dropped their price target for the company from $19.50 to $12.00 in a research note on Wednesday. Finally, Piper Sandler downgraded shares of ZoomInfo Technologies from an overweight rating to a neutral rating and reduced their price objective for the stock from $24.00 to $15.00 in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $19.10.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $12.14 on Wednesday. The business has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $15.89. 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 one year low of $11.67 and a one year high of $30.16. The company has a market cap of $4.61 billion, a PE ratio of 44.96, a P/E/G ratio of 4.28 and a beta of 1.13.

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

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ZI. Bailard Inc. boosted its holdings in ZoomInfo Technologies by 420.0% during the fourth quarter. Bailard Inc. now owns 129,595 shares of the company’s stock worth $2,396,000 after buying an additional 104,675 shares in the last quarter. Aquila Investment Management LLC boosted its stake in shares of ZoomInfo Technologies by 155.8% during the 4th quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock worth $4,493,000 after acquiring an additional 148,000 shares in the last quarter. Quantbot Technologies LP purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at about $1,256,000. Vanguard Group Inc. increased its stake in shares of ZoomInfo Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after purchasing an additional 2,079,385 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of ZoomInfo Technologies by 9.7% during the 3rd quarter. Retirement Systems of Alabama now owns 380,970 shares of the company’s stock worth $6,248,000 after purchasing an additional 33,590 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.