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

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has received an average recommendation of "Reduce" from the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.63.

ZI has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus boosted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Piper Sandler boosted their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group boosted their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI remained flat at $9.97 during trading on Tuesday. 3,568,026 shares of the stock were exchanged, compared to its average volume of 7,443,316. The firm's fifty day moving average is $8.97 and its two-hundred day moving average is $10.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.41 billion, a PE ratio of 332.44, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month 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 analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current year.

Institutional Trading of ZoomInfo Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of ZoomInfo Technologies by 154.7% during the third quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after purchasing an additional 208,015 shares during the period. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares during the period. Blue Trust Inc. raised its holdings in shares of ZoomInfo Technologies by 10,586.7% during the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock worth $215,000 after purchasing an additional 20,644 shares during the period. Journey Strategic Wealth LLC acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $140,000. Finally, Retirement Systems of Alabama raised its holdings in shares of ZoomInfo Technologies by 304.5% during the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after purchasing an additional 1,067,299 shares during the period. 95.47% of the stock is 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.