ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Recommendation of “Buy” by Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) has been given an average rating of “Buy” by the twenty analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $76.21.

A number of brokerages have issued reports on ZI. Deutsche Bank Aktiengesellschaft reduced their target price on ZoomInfo Technologies from $80.00 to $75.00 in a report on Tuesday. Raymond James reduced their target price on ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday. Wells Fargo & Company reduced their target price on ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 15th. Barclays cut their price objective on ZoomInfo Technologies from $68.00 to $64.00 in a report on Tuesday. Finally, Bank of America decreased their price objective on ZoomInfo Technologies from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th.

In other news, major shareholder Carlyle Group Inc. sold 85,323 shares of the stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $57.13, for a total value of $4,874,502.99. Following the completion of the sale, the insider now owns 41,671,945 shares of the company’s stock, valued at approximately $2,380,718,217.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Subsidiary Holdings L.L.C. Cg sold 22,880 shares of the stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $57.31, for a total value of $1,311,252.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,836,023 shares of company stock valued at $108,714,509. Insiders own 9.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TA Associates L.P. bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at $3,514,266,000. Capital World Investors raised its stake in ZoomInfo Technologies by 165.5% in the 3rd quarter. Capital World Investors now owns 20,663,839 shares of the company’s stock valued at $1,264,420,000 after acquiring an additional 12,879,724 shares during the period. Morgan Stanley raised its stake in ZoomInfo Technologies by 59.9% in the 3rd quarter. Morgan Stanley now owns 17,928,216 shares of the company’s stock valued at $1,097,027,000 after acquiring an additional 6,718,367 shares during the period. GQG Partners LLC bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at $323,777,000. Finally, BlackRock Inc. raised its stake in ZoomInfo Technologies by 46.4% in the 4th quarter. BlackRock Inc. now owns 14,094,526 shares of the company’s stock valued at $904,868,000 after acquiring an additional 4,464,210 shares during the period. 82.92% of the stock is owned by institutional investors.

Shares of ZI stock opened at $54.11 on Thursday. The stock has a 50-day moving average price of $54.50 and a 200 day moving average price of $59.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.62. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 193.25, a PEG ratio of 3.01 and a beta of 1.52. ZoomInfo Technologies has a 12 month low of $37.86 and a 12 month high of $79.17.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its earnings results on Monday, May 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. ZoomInfo Technologies had a return on equity of 9.56% and a net margin of 15.63%. The firm had revenue of $241.70 million for the quarter, compared to analysts’ expectations of $227.49 million. During the same quarter last year, the business earned $0.02 earnings per share. Sell-side analysts predict that ZoomInfo Technologies will post 0.49 earnings per share for the current fiscal year.

About ZoomInfo Technologies (Get Rating)

ZoomInfo Technologies Inc, through 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.

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Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

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