Needham & Company LLC Reiterates “Buy” Rating for ZoomInfo Technologies (NASDAQ:ZI)

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued on Wednesday, Benzinga reports. They currently have a $25.00 target price on the stock. Needham & Company LLC’s price target would suggest a potential upside of 98.73% from the company’s current price.

Several other brokerages have also recently weighed in on ZI. Jefferies Financial Group initiated coverage on shares of ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 price target on the stock. The Goldman Sachs Group downgraded shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $19.50 to $12.00 in a report on Wednesday. Truist Financial increased their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley reduced their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.00.

ZoomInfo Technologies Stock Up 3.6 %

ZI opened at $12.58 on Wednesday. The company has a market capitalization of $4.78 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13. The firm has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $15.87. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 52 week low of $11.67 and a 52 week high of $30.16.

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

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds have recently made changes to their positions in ZI. Fifth Third Bancorp increased its stake in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after buying an additional 646 shares during the period. GAMMA Investing LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth about $43,000. International Assets Investment Management LLC grew its holdings in ZoomInfo Technologies by 792.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares in the last quarter. Quest Partners LLC purchased a new position in ZoomInfo Technologies during the 4th quarter valued at about $62,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of ZoomInfo Technologies by 85.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after purchasing an additional 1,786 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.