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

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has been assigned an average rating of "Reduce" from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.58.

Several analysts have commented on the stock. Barclays upped their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. DA Davidson cut their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday. Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ZI. State Street Corp increased its stake in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. Barclays PLC grew its holdings in shares of ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock valued at $3,534,000 after acquiring an additional 208,015 shares in the last quarter. M&T Bank Corp increased its position in shares of ZoomInfo Technologies by 30.2% in the third quarter. M&T Bank Corp now owns 16,152 shares of the company's stock valued at $167,000 after acquiring an additional 3,746 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of ZoomInfo Technologies by 11.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company's stock valued at $1,703,000 after acquiring an additional 17,060 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in ZoomInfo Technologies during the third quarter worth about $129,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 0.3 %

ZoomInfo Technologies stock traded up $0.02 during mid-day trading on Monday, hitting $8.01. The stock had a trading volume of 3,872,284 shares, compared to its average volume of 7,300,391. The stock has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $10.32. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.74 billion, a PE ratio of 267.09, a P/E/G ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $16.98.

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 the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. As a group, sell-side 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.