ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Rating of “Reduce” by Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned a consensus rating of “Reduce” from the twenty-one analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.92.

ZI has been the subject of several research analyst reports. Citigroup lifted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Barclays lifted their price target 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. Morgan Stanley upped their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its stake in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in ZoomInfo Technologies by 183.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the period. Finally, KBC Group NV boosted its position in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 0.8 %

Shares of ZI opened at $11.03 on Thursday. The business’s 50-day moving average price is $10.57 and its 200-day moving average price is $10.55. 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 has a twelve month low of $7.65 and a twelve month high of $16.98. The stock has a market cap of $3.78 billion, a PE ratio of 367.79, a P/E/G ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. On average, equities analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

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.