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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus rating of “Reduce” from the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.63.

ZI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Mizuho cut their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Piper Sandler raised their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley cut their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th.

ZoomInfo Technologies Trading Up 2.0%

NASDAQ ZI opened at $11.45 on Wednesday. The company has a market cap of $3.92 billion, a PE ratio of 381.79, a PEG ratio of 13.05 and a beta of 1.02. 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 12 month low of $7.01 and a 12 month high of $13.39. The stock has a 50 day moving average of $10.08 and a 200-day moving average of $9.90.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, equities research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in ZoomInfo Technologies by 143.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock valued at $32,000 after acquiring an additional 1,886 shares in the last quarter. UMB Bank n.a. raised its holdings 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 acquiring an additional 1,889 shares in the last quarter. Brooklyn Investment Group raised its holdings in ZoomInfo Technologies by 180.5% in the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock valued at $51,000 after acquiring an additional 3,306 shares in the last quarter. GAMMA Investing LLC raised its holdings in ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after acquiring an additional 1,484 shares in the last quarter. Finally, US Bancorp DE raised its holdings in ZoomInfo Technologies by 32.9% in the 1st quarter. US Bancorp DE now owns 8,458 shares of the company’s stock valued at $85,000 after acquiring an additional 2,092 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.