ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Recommendation of “Moderate Buy” from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $21.43.

ZI has been the topic of several recent research reports. Barclays reduced their price target on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Citigroup lowered shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price objective for the company from $20.00 to $13.00 in a research report on Thursday, February 8th. Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group upped their price target on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Finally, KeyCorp started coverage on shares of ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 price target for the company.

ZoomInfo Technologies Trading Up 4.1 %

NASDAQ ZI opened at $16.37 on Monday. The firm has a market cap of $6.22 billion, a PE ratio of 60.63, a P/E/G ratio of 4.22 and a beta of 1.16. The firm’s fifty day moving average is $16.14 and its two-hundred day moving average is $15.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies has a one year low of $12.36 and a one year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts expect that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Institutional Trading of ZoomInfo Technologies

A number of large investors have recently modified their holdings of ZI. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after buying an additional 646 shares during the period. GAMMA Investing LLC acquired a new position in ZoomInfo Technologies during the 4th quarter valued at about $43,000. International Assets Investment Management LLC increased its stake in ZoomInfo Technologies by 792.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after buying an additional 2,939 shares during the period. Quest Partners LLC acquired a new position in ZoomInfo Technologies during the 4th quarter valued at about $62,000. Finally, Quadrant Capital Group LLC increased its stake in ZoomInfo Technologies by 85.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after buying an additional 1,786 shares during the period. Institutional investors and hedge funds 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.