ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives an Average “Buy” Rating from Analysts
ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) has been assigned an average “Buy” recommendation by the twenty analysts who currently cover the company, reports MarketBeat Ratings. One investment analyst gave the stock a hold rating and seventeen gave the company a buy rating. The 12-month average price target among brokers who have covered the stock over the past year is $76.95.
Several equity analysts have recently released reports on ZI shares. Piper Sandler reduced its target price on ZoomInfo Technologies from $88.00 to $75.00 and set an “overweight” rating for the company in a Monday, January 10 report. Barclays cut its price target on ZoomInfo Technologies from $86.00 to $68.00 in a Wednesday, January 12 report. Canaccord Genuity Group cut its price target on ZoomInfo Technologies from $80.00 to $68.00 and set a “buy” rating for the company in a Wednesday, February 16, report. Deutsche Bank Aktiengesellschaft cut its price target on ZoomInfo Technologies from $95.00 to $80.00 and set a “buy” rating for the company in a Friday, January 21 report. Finally, Bank of America reduced its price target on ZoomInfo Technologies from $82.00 to $75.00 and set a “buy” rating for the company in a Wednesday, February 16 report.
ZI stock opened at $51.94 on Wednesday. The company has a market capitalization of $20.95 billion, a PE ratio of 185.50, a P/E/G ratio of 3.37 and a beta of 1.33. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt ratio of 0.62. The company has a 50-day moving average of $52.41 and a 200-day moving average of $61.53. ZoomInfo Technologies has a 12-month low of $37.86 and a 12-month high of $79.17.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last reported results on Tuesday, February 15. The company reported earnings per share (EPS) of $0.10 for the quarter, beating the consensus estimate of $0.09 by $0.01. The company posted revenue of $222.30 million in the quarter, compared to analyst estimates of $207.70 million. ZoomInfo Technologies posted a return on equity of 9.56% and a net margin of 15.63%. ZoomInfo Technologies quarterly revenue increased 59.1% year over year. In the same period a year earlier, the company posted earnings per share of $0.08. On average, research analysts expect ZoomInfo Technologies to post earnings per share of 0.49 for the current year.
In other ZoomInfo Technologies news, Director Keith Enright sold 555 shares of the company in a trade dated Saturday, March 5. The stock was sold at an average price of $52.95, for a total transaction of $29,387.25. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, major shareholder Subsidiary Holdings LLC Cg sold 22,880 shares of the company in a transaction dated Monday, February 14. The shares were sold at an average price of $57.31, for a total value of $1,311,252.80. The disclosure of this sale can be found here. Insiders sold 2,663,286 shares of the company worth $151,526,797 during the last quarter. 24.77% of the shares are currently held by insiders of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in ZI. TA Associates LP acquired a new stake in ZoomInfo Technologies during the third quarter valued at approximately $3,514,266,000. Capital World Investors increased its equity stake in ZoomInfo Technologies by 165.5% in the third quarter. Capital World Investors now owns 20,663,839 shares of the company worth $1,264,420,000 after purchasing an additional 12,879,724 shares during the period. Morgan Stanley increased its stake in ZoomInfo Technologies shares by 59.9% in the third quarter. Morgan Stanley now owns 17,928,216 shares of the company worth $1,097,027,000 after purchasing an additional 6,718,367 shares during the period. GQG Partners LLC purchased a new stock position in ZoomInfo Technologies in the third quarter worth approximately $323,777,000. Finally, BlackRock Inc. increased its stake in shares of ZoomInfo Technologies by 46.4% in the fourth quarter. BlackRock Inc. now owns 14,094,526 shares of the company worth $904,868,000 after purchasing an additional 4,464,210 shares during the period. Institutional investors and hedge funds own 90.20% of the company’s shares.
ZoomInfo Technologies Company Profile (Get a rating)
ZoomInfo Technologies Inc operates a cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company’s platform provides news and information about organizations and professionals. Its customers operate in a variety of verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality and real estate, as well as enterprises, medium-sized enterprises and up to small enterprises. .
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