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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.40.

ZI has been the subject of several recent analyst reports. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Morgan Stanley cut their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus cut their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Citigroup cut their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, August 8th.

ZoomInfo Technologies Trading Up 5.7 %

Shares of ZoomInfo Technologies stock opened at $9.21 on Wednesday. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The stock’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $14.06. The stock has a market capitalization of $3.44 billion, a P/E ratio of 46.05, a P/E/G ratio of 5.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

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

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the transaction, the chief financial officer now directly owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Henry Schuck bought 1,500,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 23,974 shares of company stock valued at $298,154. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZI. Boston Partners bought a new position in shares of ZoomInfo Technologies in the first quarter worth about $613,000. Norges Bank bought a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $55,448,000. Bailard Inc. lifted its holdings in shares of ZoomInfo Technologies by 420.0% in the fourth quarter. Bailard Inc. now owns 129,595 shares of the company’s stock worth $2,396,000 after buying an additional 104,675 shares in the last quarter. Aquila Investment Management LLC grew its stake in ZoomInfo Technologies by 155.8% during the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock valued at $4,493,000 after acquiring an additional 148,000 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in ZoomInfo Technologies by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after acquiring an additional 17,193 shares during the last quarter. 95.47% of the stock is 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.