ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned a consensus rating of “Hold” from the twenty-two analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.40.

A number of research firms have recently issued reports on ZI. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Stifel Nicolaus cut their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. DA Davidson downgraded ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total transaction of $92,775.00. Following the sale, the chief financial officer now directly owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the sale, the chief financial officer now owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its position in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the period. Covestor Ltd boosted its stake in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares during the last quarter. Quest Partners LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter worth about $62,000. Advisors Asset Management Inc. raised its stake in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in ZoomInfo Technologies in the 1st quarter valued at about $85,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $9.99 on Thursday. The company’s 50-day moving average is $9.97 and its two-hundred day moving average is $12.42. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 49.95, a PEG ratio of 6.42 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. Analysts forecast that ZoomInfo Technologies will post 0.55 EPS for the current year.

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.