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

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has earned a consensus recommendation of "Reduce" from the nineteen research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.63.

A number of equities analysts have issued reports on ZI shares. DA Davidson reduced their target price on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays raised their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Piper Sandler raised their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Mizuho reduced their target price on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Morgan Stanley reduced their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZI. Jericho Capital Asset Management L.P. purchased a new position in ZoomInfo Technologies during the fourth quarter worth about $116,622,000. Deutsche Bank AG increased its holdings in ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the period. AQR Capital Management LLC lifted its stake in 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 purchasing an additional 5,095,746 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 buying an additional 2,118,297 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.54 on Wednesday. The company has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $9.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 351.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $13.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. Equities research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal 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.

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