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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.43.

Several brokerages recently issued reports on ZI. Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. DA Davidson upped their price target on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 20th. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Finally, Wells Fargo & Company upped their price target on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in ZoomInfo Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after purchasing an additional 2,079,385 shares in the last quarter. Wellington Management Group LLP increased its stake in ZoomInfo Technologies by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company’s stock worth $484,963,000 after purchasing an additional 586,623 shares in the last quarter. FMR LLC increased its stake in ZoomInfo Technologies by 180.0% during the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock worth $227,303,000 after purchasing an additional 8,909,420 shares in the last quarter. Cadian Capital Management LP increased its stake in ZoomInfo Technologies by 110.7% during the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock worth $160,156,000 after purchasing an additional 5,131,000 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $120,619,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Up 4.1 %

ZI opened at $16.37 on Monday. The firm’s 50-day simple moving average is $16.14 and its 200-day simple moving average is $15.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 60.63, a PEG ratio of 4.22 and a beta of 1.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities research analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current fiscal 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.