ZoomInfo Technologies (NASDAQ:ZI) Shares Up 4.9% - Still a Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report)'s stock price rose 4.9% during trading on Tuesday . The stock traded as high as $8.32 and last traded at $8.40. Approximately 375,365 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 7,250,884 shares. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ZI shares. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. DA Davidson dropped their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Morgan Stanley decreased their price objective on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.58.

ZoomInfo Technologies Stock Performance

The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 267.09, a P/E/G ratio of 13.05 and a beta of 1.00. The company's fifty day simple moving average is $9.94 and its 200 day simple moving average is $10.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at about $116,622,000. Deutsche Bank AG increased its holdings in shares of ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after purchasing an additional 10,181,253 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 1,591,960 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after buying an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $48,336,000. Institutional investors own 95.47% of the company's stock.

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.