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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received a consensus recommendation of “Reduce” from the twenty-one research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.58.

Several analysts recently weighed in on ZI shares. Mizuho reduced their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. DA Davidson reduced their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays upped their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Wells Fargo & Company raised their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th.

ZoomInfo Technologies Trading Up 0.3 %

Shares of ZoomInfo Technologies stock opened at $8.01 on Monday. The firm’s 50-day moving average price is $9.94 and its two-hundred day moving average price is $10.33. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 267.09, a PEG ratio of 13.05 and a beta of 1.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month 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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. On average, analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZI. UMB Bank n.a. increased its stake in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after buying an additional 1,889 shares during the last quarter. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares during the period. Nisa Investment Advisors LLC boosted its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted 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 purchasing an additional 5,468 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.