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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average rating of “Reduce” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Five research 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 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.92.

Several equities analysts recently weighed in on ZI shares. Barclays raised 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 report on Wednesday. Citigroup lifted their price objective 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. Mizuho increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Scotiabank upped their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday.

Insider Activity at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after acquiring an additional 74,455 shares during the period. Alberta Investment Management Corp acquired a new position in ZoomInfo Technologies in the fourth quarter worth about $2,320,000. Versor Investments LP bought a new position in ZoomInfo Technologies during the third quarter worth about $516,000. State Street Corp boosted its holdings in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $895,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $12.01 on Friday. The company has a market capitalization of $4.12 billion, a PE ratio of 400.47, a PEG ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company’s 50 day moving average price is $10.28 and its 200 day moving average price is $10.34. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $17.14.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly 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 company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. Research analysts expect 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.