ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Recommendation of "Reduce" from Analysts

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

ZI has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Barclays boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday. Morgan Stanley decreased their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Citigroup boosted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after buying an additional 208,015 shares during the period. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after acquiring an additional 1,160 shares during the period. Everence Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth $163,000. Nisa Investment Advisors LLC grew its holdings in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after buying an additional 1,241 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

ZI traded down $0.28 during trading hours on Friday, hitting $10.03. The company's stock had a trading volume of 4,959,593 shares, compared to its average volume of 7,214,179. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 334.44, a P/E/G ratio of 13.05 and a beta of 1.02. The business's 50-day moving average price is $9.32 and its 200-day moving average price is $10.18. 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 12 month low of $7.01 and a 12 month high of $13.67.

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

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.