Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $10.63

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned an average rating of “Reduce” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.63.

A number of equities research analysts recently commented on the company. Barclays lifted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Morgan Stanley decreased their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Citigroup boosted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, DA Davidson decreased their price target on ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZI. Jericho Capital Asset Management L.P. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $116,622,000. Deutsche Bank AG increased its position 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 in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of ZoomInfo Technologies during the first quarter worth approximately $51,933,000. AQR Capital Management LLC increased its position in shares of ZoomInfo Technologies by 1,632.1% during the first quarter. AQR Capital Management LLC now owns 5,407,960 shares of the company’s stock worth $53,674,000 after purchasing an additional 5,095,746 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth approximately $48,336,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 0.6%

ZoomInfo Technologies stock opened at $9.91 on Tuesday. 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 has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 330.44, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day moving average price of $8.98 and a 200 day moving average price of $10.01.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current year.

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.