ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $13.40 Average PT from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.40.

Several research firms have recently commented on ZI. Royal Bank of Canada decreased their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an "underperform" rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Bank of America downgraded ZoomInfo Technologies from a "buy" rating to an "underperform" rating and decreased their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, August 6th. Finally, Barclays decreased their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded up $0.09 on Monday, hitting $10.70. The company's stock had a trading volume of 4,996,917 shares, compared to its average volume of 6,693,134. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $9.95 and a two-hundred day moving average of $11.87. The firm has a market capitalization of $3.91 billion, a P/E ratio of 267.57, a price-to-earnings-growth ratio of 6.49 and a beta of 1.06. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released 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 business 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%. ZoomInfo Technologies's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Research analysts predict that ZoomInfo Technologies will post 0.55 earnings per share for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 1,500,000 shares of ZoomInfo Technologies stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP acquired a new position in ZoomInfo Technologies during the 2nd quarter worth about $73,435,000. Bank of New York Mellon Corp lifted its holdings in ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock worth $42,005,000 after buying an additional 223,669 shares during the period. Dimensional Fund Advisors LP lifted its holdings in ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company's stock worth $41,279,000 after buying an additional 548,094 shares during the period. Finally, Kinetic Partners Management LP lifted its holdings in ZoomInfo Technologies by 95.4% during the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock worth $43,529,000 after buying an additional 1,325,500 shares during the period. Institutional investors and hedge funds 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.