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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given an average rating of “Reduce” by the twenty-one research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.92.

ZI has been the topic of several analyst reports. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Scotiabank increased their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Finally, Barclays increased their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th.

ZoomInfo Technologies Stock Up 3.2 %

NASDAQ:ZI opened at $10.83 on Thursday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 361.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. 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 has a 52 week low of $7.65 and a 52 week high of $16.98. The stock’s fifty day moving average is $10.44 and its two-hundred day moving average is $10.51.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ZI. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at about $116,622,000. Deutsche Bank AG lifted its position in ZoomInfo Technologies by 21,345.2% in the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the period. FMR LLC lifted its position in ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the period. Hood River Capital Management LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at about $48,336,000. Finally, Maverick Capital Ltd. acquired a new stake in ZoomInfo Technologies in the third quarter valued at about $44,248,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.