ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Rating of "Reduce" by Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) have earned an average recommendation of "Reduce" from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.63.

A number of research firms recently weighed in on ZI. DA Davidson dropped their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley cut their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company upped their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Mizuho dropped their price objective on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler increased their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th.

ZoomInfo Technologies Stock Up 2.1%

Shares of ZI traded up $0.23 during trading on Wednesday, reaching $11.22. The company's stock had a trading volume of 2,472,981 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 374.12, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a fifty day moving average of $10.03 and a two-hundred day moving average of $9.88.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. ZoomInfo Technologies's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. On average, sell-side analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Jericho Capital Asset Management L.P. purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $116,622,000. Deutsche Bank AG boosted its stake in ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after purchasing an additional 10,181,253 shares during the period. JPMorgan Chase & Co. boosted its stake in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the period. AQR Capital Management LLC increased its stake in shares of ZoomInfo Technologies by 1,632.1% during the first quarter. AQR Capital Management LLC now owns 5,407,960 shares of the company's stock worth $53,674,000 after acquiring an additional 5,095,746 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of ZoomInfo Technologies by 67.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after acquiring an additional 2,118,297 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.