FY2024 Earnings Forecast for ZI Issued By DA Davidson

ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) - Analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of ZoomInfo Technologies in a research report issued on Wednesday, November 13th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of $0.60 for the year, up from their prior estimate of $0.55. DA Davidson currently has a "Neutral" rating and a $9.50 target price on the stock. The consensus estimate for ZoomInfo Technologies' current full-year earnings is $0.55 per share.

A number of other brokerages have also recently commented on ZI. Daiwa Capital Markets cut ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Stifel Nicolaus reduced their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday. Barclays cut their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 6th. Finally, Truist Financial lowered their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and a consensus price target of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

Shares of ZI traded down $0.35 on Friday, reaching $10.23. The stock had a trading volume of 9,945,329 shares, compared to its average volume of 6,958,835. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 340.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The company has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $11.36.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp grew its holdings in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock valued at $34,000 after buying an additional 2,388 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in ZoomInfo Technologies during the third quarter valued at $31,000. Covestor Ltd lifted its position in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company's stock valued at $54,000 after purchasing an additional 2,861 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter worth $37,000. Finally, GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock worth $41,000 after buying an additional 2,134 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.