What is DA Davidson’s Forecast for ZI FY2024 Earnings?

ZoomInfo Technologies Inc. (NASDAQ:ZI) – Analysts at DA Davidson boosted their FY2024 EPS estimates for ZoomInfo Technologies in a report released on Wednesday, November 13th. DA Davidson analyst G. Luria now expects that the company will post earnings of $0.60 per share for the year, up from their previous estimate of $0.55. 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 issued reports on ZI. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Mizuho boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday. KeyCorp cut shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Finally, Barclays reduced their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Trading Down 3.3 %

Shares of NASDAQ:ZI opened at $10.23 on Friday. The firm has a fifty day moving average of $10.51 and a two-hundred day moving average of $11.36. The firm has a market capitalization of $3.74 billion, a P/E ratio of 340.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds have recently made changes to their positions in ZI. FMR LLC grew its holdings in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after purchasing an additional 6,611,160 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter valued at $73,435,000. Maverick Capital Ltd. acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $44,248,000. Finally, Delta Global Management LP lifted its position in shares of ZoomInfo Technologies by 280.1% during the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after acquiring an additional 1,911,221 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.