Q4 Earnings Forecast for ZI Issued By DA Davidson

ZoomInfo Technologies Inc. (NASDAQ:ZI) – DA Davidson issued their Q4 2024 earnings per share estimates for shares of ZoomInfo Technologies in a report issued on Wednesday, November 13th. DA Davidson analyst G. Luria anticipates that the company will earn $0.14 per share for the quarter. DA Davidson has a “Neutral” rating and a $9.50 price objective on the stock. The consensus estimate for ZoomInfo Technologies’ current full-year earnings is $0.55 per share.

Several other research firms have also commented on ZI. Citigroup increased their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday. Barclays lowered their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada lowered their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Finally, Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Trading Up 0.5 %

NASDAQ ZI opened at $10.58 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $10.50 and its two-hundred day simple moving average is $11.36. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 352.78, a PEG ratio of 8.00 and a beta of 1.03.

Institutional Trading of ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 in the last quarter. Marshall Wace LLP bought a new position in shares of ZoomInfo Technologies in the second quarter worth about $73,435,000. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth about $44,248,000. Finally, Bank of New York Mellon Corp lifted its holdings in ZoomInfo Technologies by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after purchasing an additional 223,669 shares in the last quarter. Institutional investors 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.