DA Davidson Issues Pessimistic Forecast for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its target price trimmed by DA Davidson from $13.00 to $8.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for ZoomInfo Technologies' FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.55 EPS.

A number of other brokerages have also recently issued reports on ZI. Citigroup increased their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Barclays boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Morgan Stanley increased their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.58.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded up $0.02 on Monday, reaching $8.01. 3,872,284 shares of the company's stock were exchanged, compared to its average volume of 7,286,317. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 267.09, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a fifty day simple moving average of $9.99 and a 200-day simple moving average of $10.34. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. 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 predict that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. State Street Corp raised its stake in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after buying an additional 165,440 shares in the last quarter. Barclays PLC grew its stake in shares of ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after acquiring an additional 208,015 shares during the last quarter. M&T Bank Corp grew its stake 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 worth $167,000 after acquiring an additional 3,746 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of ZoomInfo Technologies by 11.5% during 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 in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $129,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.