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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) have earned an average rating of "Reduce" from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.63.

Several brokerages have issued reports on ZI. Piper Sandler boosted their price target 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. Morgan Stanley lowered their target price 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. DA Davidson cut their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays lifted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Mizuho lowered 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.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded up $0.17 during trading hours on Friday, hitting $10.09. 4,302,549 shares of the company traded hands, compared to its average volume of 7,450,761. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. The firm has a 50-day moving average of $9.51 and a 200 day moving average of $9.91. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 336.45, a P/E/G ratio of 13.05 and a beta of 1.02.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares during the period. Brooklyn Investment Group increased its position in shares of ZoomInfo Technologies by 180.5% in the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock valued at $51,000 after buying an additional 3,306 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after buying an additional 1,484 shares in the last quarter. US Bancorp DE raised its stake in ZoomInfo Technologies by 32.9% during the 1st quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after buying an additional 2,092 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company's stock worth $89,000 after acquiring an additional 5,468 shares in the last quarter. 95.47% of the stock is currently owned by 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.