ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of "Reduce" from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has earned an average rating of "Reduce" from the twenty-one ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.92.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus raised their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Canaccord Genuity Group upped their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Scotiabank raised their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Finally, Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Xponance Inc. lifted its position in shares of ZoomInfo Technologies by 3.5% during the fourth quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after buying an additional 1,226 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after buying an additional 1,241 shares in the last quarter. State of Tennessee Department of Treasury grew its position in shares of ZoomInfo Technologies by 2.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock worth $1,008,000 after buying an additional 2,294 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock worth $139,000 after acquiring an additional 2,456 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.17 during midday trading on Thursday, hitting $10.89. The stock had a trading volume of 14,175,913 shares, compared to its average volume of 7,037,427. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $16.98. The company has a market capitalization of $3.73 billion, a PE ratio of 363.12, a P/E/G ratio of 13.05 and a beta of 0.97. The firm's fifty day moving average is $10.49 and its two-hundred day moving average is $10.52. 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 (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The business had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, research analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current year.

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.