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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned a consensus recommendation of “Reduce” from the twenty-one brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.92.

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Wells Fargo & Company raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Morgan Stanley increased their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Scotiabank lifted their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake 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 purchasing an additional 74,455 shares during the last quarter. KBC Group NV lifted its stake in shares of 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 buying an additional 2,635 shares in the last quarter. Primecap Management Co. CA boosted its holdings in ZoomInfo Technologies by 97.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after buying an additional 1,267,171 shares during the period. Pacer Advisors Inc. grew its stake in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after buying an additional 2,585,631 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in ZoomInfo Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after buying an additional 29,733 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $11.03 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 one year low of $7.65 and a one year high of $16.98. The business’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $10.55. The stock has a market capitalization of $3.78 billion, a PE ratio of 367.79, a PEG ratio of 13.05 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. As a group, 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.