DA Davidson Has Bearish Forecast for ZI FY2025 Earnings

ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) - Investment analysts at DA Davidson lowered their FY2025 EPS estimates for ZoomInfo Technologies in a research note issued on Thursday, February 27th. DA Davidson analyst G. Luria now forecasts that the company will earn $0.61 per share for the year, down from their previous forecast of $0.70. The consensus estimate for ZoomInfo Technologies' current full-year earnings is $0.59 per share.

ZI has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barclays raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Wells Fargo & Company raised their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $11.92.

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ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded down $0.50 during mid-day trading on Monday, hitting $11.40. 6,272,827 shares of the company were exchanged, compared to its average volume of 7,001,008. The company has a market capitalization of $3.91 billion, a PE ratio of 380.13, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The business has a fifty day moving average of $10.36 and a 200 day moving average of $10.44. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $17.01. 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 (NASDAQ:ZI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning acquired a new position in ZoomInfo Technologies in the third quarter valued at about $254,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $37,000. State of Alaska Department of Revenue raised its position in shares of ZoomInfo Technologies by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company's stock valued at $353,000 after acquiring an additional 2,275 shares during the period. US Bancorp DE boosted its stake in ZoomInfo Technologies by 164.7% during the 3rd quarter. US Bancorp DE now owns 12,742 shares of the company's stock worth $131,000 after acquiring an additional 7,928 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in ZoomInfo Technologies by 37.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 202,406 shares of the company's stock valued at $2,089,000 after purchasing an additional 55,150 shares during the period. 95.47% of the stock is currently owned by 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.