ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) have been given a consensus recommendation of "Reduce" by the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.63.

ZI has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Morgan Stanley cut their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays upped their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th.

ZoomInfo Technologies Stock Up 4.4%

NASDAQ:ZI traded up $0.42 during midday trading on Tuesday, reaching $9.99. 4,519,079 shares of the stock traded hands, compared to its average volume of 7,397,954. The stock has a market capitalization of $3.42 billion, a PE ratio of 333.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day moving average of $8.98 and a two-hundred day moving average of $10.01.

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, topping analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. During the same quarter last year, the firm earned $0.26 EPS. The business's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth approximately $2,320,000. 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 last quarter. Sei Investments Co. grew its holdings in shares of ZoomInfo Technologies by 419.0% during the fourth quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after buying an additional 146,681 shares in the last quarter. Norges Bank acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $17,042,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $280,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.