Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $10.19

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average rating of “Reduce” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.63.

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday. Canaccord Genuity Group raised their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Barclays upped their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors have recently added to or reduced their stakes in ZI. Alberta Investment Management Corp purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter worth about $2,320,000. JPMorgan Chase & Co. boosted its stake in ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after acquiring an additional 1,591,960 shares in the last quarter. Sei Investments Co. boosted its stake in ZoomInfo Technologies by 419.0% during the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company’s stock worth $1,910,000 after acquiring an additional 146,681 shares in the last quarter. Norges Bank purchased a new stake in ZoomInfo Technologies in the fourth quarter worth about $17,042,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $280,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.23 on Friday. The company has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $10.17. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.67. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 341.11, a PEG ratio of 13.05 and a beta of 1.02. 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 (NASDAQ:ZI) last issued its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts’ expectations of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. On average, equities analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current year.

ZoomInfo Technologies Company Profile

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.