ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Recommendation of "Moderate Buy" from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-one analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.58.

A number of brokerages have recently weighed in on ZI. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Citigroup lowered ZoomInfo Technologies from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. Stifel Nicolaus raised their price objective on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Royal Bank of Canada reissued an "underperform" rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Finally, Truist Financial raised their price objective on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a "hold" rating in a research note on Tuesday, February 13th.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company's stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Quarry LP purchased a new position in ZoomInfo Technologies in the 4th quarter worth approximately $28,000. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock worth $31,000 after purchasing an additional 646 shares in the last quarter. Comerica Bank purchased a new position in ZoomInfo Technologies in the 2nd quarter worth approximately $42,000. Finally, UniSuper Management Pty Ltd purchased a new position in ZoomInfo Technologies in the 2nd quarter worth approximately $46,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $1.04 during midday trading on Thursday, hitting $15.08. 9,939,903 shares of the stock traded hands, compared to its average volume of 6,716,959. The firm has a 50-day moving average of $16.32 and a two-hundred day moving average of $16.02. The firm has a market capitalization of $5.73 billion, a P/E ratio of 55.48, a PEG ratio of 4.10 and a beta of 1.16. 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 - Get Free Report) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million for the quarter, compared to analysts' expectations of $310.62 million. During the same period last year, the firm earned $0.13 EPS. ZoomInfo Technologies's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that ZoomInfo Technologies will post 0.64 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.