ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Rating of “Hold” by Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received an average rating of “Hold” from the twenty-two ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.40.

ZI has been the subject of several recent research reports. The Goldman Sachs Group downgraded ZoomInfo Technologies from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $19.50 to $12.00 in a report on Wednesday, May 8th. Truist Financial lowered their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Mizuho cut their price objective on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company lowered their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Piper Sandler cut their price target on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th.

Insider Activity at ZoomInfo Technologies

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at $16,345,913.94. The disclosure for this sale can be found here. Insiders sold a total of 23,974 shares of company stock worth $298,154 in the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at about $43,000. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 44.0% in the first quarter. Fifth Third Bancorp now owns 2,381 shares of the company’s stock valued at $38,000 after purchasing an additional 728 shares during the last quarter. J.Safra Asset Management Corp lifted its position in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares in the last quarter. Quest Partners LLC acquired a new position in ZoomInfo Technologies during the fourth quarter worth $62,000. Finally, Covestor Ltd grew its holdings in ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $9.89 on Friday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 6.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average price of $10.82 and a 200-day moving average price of $13.50. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities analysts expect that ZoomInfo Technologies will post 0.55 EPS for the current 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.