Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $11.92

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given an average recommendation of “Reduce” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.92.

ZI has been the topic of several recent analyst reports. Barclays boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Scotiabank upped their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Stifel Nicolaus upped their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position in ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $116,622,000. Deutsche Bank AG boosted its position in ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after buying an additional 10,181,253 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after acquiring an additional 2,585,631 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of 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 purchasing an additional 165,440 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.89 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $16.98. The stock has a fifty day moving average price of $10.49 and a 200 day moving average price of $10.52. The company has a market cap of $3.73 billion, a P/E ratio of 363.12, a PEG 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 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, research analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share 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.