Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $10.19

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received an average recommendation of “Reduce” from the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.63.

ZI has been the subject of several analyst reports. DA Davidson reduced 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 report on Monday, April 14th. Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Barclays boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Piper Sandler increased their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $10.23 on Friday. The business has a fifty day moving average price of $9.27 and a 200-day moving average price of $10.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $3.50 billion, a PE ratio of 341.11, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.67.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. ZoomInfo Technologies’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. As a group, equities analysts expect that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in ZoomInfo Technologies by 154.7% during the third quarter. Barclays PLC now owns 342,495 shares of the company’s stock valued at $3,534,000 after purchasing an additional 208,015 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the period. Everence Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $163,000. Nisa Investment Advisors LLC lifted its position 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 valued at $64,000 after buying an additional 4,735 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.