ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Rating of “Hold” from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.40.

Several research firms have issued reports on ZI. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Piper Sandler cut their price objective on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.32 on Thursday. The stock has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $12.48. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $3.77 billion, a PE ratio of 51.60, a P/E/G ratio of 6.42 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. Sell-side analysts predict that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the sale, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Henry Schuck acquired 1,500,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the purchase, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. The disclosure for this purchase can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

Large investors have recently modified their holdings of the stock. J.Safra Asset Management Corp raised its stake in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares in the last quarter. Covestor Ltd increased its holdings in ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares during the period. Quest Partners LLC bought a new position in ZoomInfo Technologies in the 4th quarter valued at about $62,000. Advisors Asset Management Inc. raised its position in shares of ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after buying an additional 1,547 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of ZoomInfo Technologies during the 1st quarter worth approximately $85,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.