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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned an average rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $19.00.

A number of research analysts have issued reports on ZI shares. Citigroup decreased their target price on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. The Goldman Sachs Group lowered ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price target for the company from $19.50 to $12.00 in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. KeyCorp cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Stifel Nicolaus cut their price target on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th.

ZoomInfo Technologies Stock Down 2.9 %

Shares of ZoomInfo Technologies stock opened at $12.02 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The business has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $15.63. The stock has a market cap of $4.49 billion, a PE ratio of 60.10, a price-to-earnings-growth ratio of 2.97 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The business had revenue of $310.10 million during the quarter, compared to analysts’ expectations of $308.84 million. Research analysts predict that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insider Activity

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the sale, the chief technology officer now directly owns 87,540 shares in the company, valued at approximately $1,041,726. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,474 shares of company stock valued at $205,379. 8.20% of the stock is owned by insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of large investors have recently modified their holdings of the business. American Trust lifted its stake in shares of ZoomInfo Technologies by 5.9% in the 4th quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after acquiring an additional 628 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the last quarter. Retirement Systems of Alabama raised its position in ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after purchasing an additional 976 shares during the last quarter. Stifel Financial Corp raised its position in ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after purchasing an additional 1,143 shares during the last quarter. Finally, 49 Wealth Management LLC raised its position in ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.