ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Rating of “Buy” by Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average recommendation of “Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $72.59.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of ZoomInfo Technologies from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Thursday, August 5th. Canaccord Genuity increased their price target on shares of ZoomInfo Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Raymond James increased their price target on shares of ZoomInfo Technologies from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 3rd. Mizuho increased their price target on shares of ZoomInfo Technologies from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Finally, Stifel Nicolaus increased their price target on shares of ZoomInfo Technologies from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, September 7th.

In related news, Director Todd Crockett sold 3,620,333 shares of the firm’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $61.10, for a total value of $221,202,346.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 450,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $66.70, for a total transaction of $30,015,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,940,077 shares of company stock worth $1,552,273,573. Insiders own 24.77% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of ZoomInfo Technologies by 92.3% in the second quarter. Bank of America Corp DE now owns 820,827 shares of the company’s stock worth $42,824,000 after buying an additional 393,986 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in ZoomInfo Technologies during the second quarter valued at approximately $223,000. Marshall Wace LLP lifted its holdings in ZoomInfo Technologies by 1,506.9% during the second quarter. Marshall Wace LLP now owns 108,013 shares of the company’s stock valued at $5,635,000 after purchasing an additional 101,291 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in ZoomInfo Technologies during the second quarter valued at approximately $3,656,000. Finally, Advisory Resource Group purchased a new position in ZoomInfo Technologies during the second quarter valued at approximately $329,000. 52.44% of the stock is currently owned by institutional investors.

NASDAQ:ZI opened at $68.04 on Wednesday. The company has a 50-day moving average price of $60.47 and a 200-day moving average price of $52.42. ZoomInfo Technologies has a 12 month low of $33.03 and a 12 month high of $69.72. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.75. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 295.83, a P/E/G ratio of 4.94 and a beta of 1.12.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Sunday, August 1st. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. ZoomInfo Technologies had a net margin of 7.27% and a return on equity of 11.43%. The firm had revenue of $174.00 million during the quarter, compared to analysts’ expectations of $162.41 million. During the same period last year, the company posted $0.07 EPS. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. Equities analysts forecast that ZoomInfo Technologies will post 0.36 EPS for the current fiscal year.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

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