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

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

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank boosted their target price 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. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday. Finally, KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the firm’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 transaction of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at $37,000. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the period. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after acquiring an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after acquiring an additional 5,468 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Up 2.4 %

Shares of NASDAQ:ZI opened at $12.01 on Friday. The firm has a market cap of $4.12 billion, a PE ratio of 400.47, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $10.34. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $17.14.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $297.64 million. On average, equities research analysts anticipate 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.