Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $11.92

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned a consensus rating of “Reduce” from the twenty-one brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.92.

ZI has been the subject of several recent research reports. Citigroup boosted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. 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. Scotiabank raised their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Canaccord Genuity Group boosted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently modified their holdings of ZI. GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares during the last quarter. Xponance Inc. boosted its stake in shares of ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company’s stock worth $380,000 after purchasing an additional 1,226 shares during the period. Fifth Third Bancorp grew its holdings in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after purchasing an additional 1,241 shares during the last quarter. State of Tennessee Department of Treasury grew its position in ZoomInfo Technologies by 2.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock valued at $1,008,000 after acquiring an additional 2,294 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of ZoomInfo Technologies by 22.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company’s stock valued at $139,000 after acquiring an additional 2,456 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 1.7 %

Shares of ZI stock opened at $11.07 on Thursday. The company has a market capitalization of $3.79 billion, a PE ratio of 369.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $16.98. The business’s fifty day moving average is $10.52 and its 200 day moving average is $10.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

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

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.