ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $19.00 Consensus Target Price from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given an average rating of “Hold” by the twenty-two brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.90.

A number of equities analysts have weighed in on ZI shares. Morgan Stanley lowered their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Citigroup dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a research report on Thursday, May 9th. UBS Group reduced their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. KeyCorp lowered their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Barclays reduced their price objective on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, May 8th.

ZoomInfo Technologies Trading Down 4.1 %

NASDAQ ZI opened at $11.78 on Tuesday. ZoomInfo Technologies has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $13.64 and a 200-day moving average of $15.52. The company has a market cap of $4.40 billion, a PE ratio of 58.90, a PEG ratio of 2.90 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The firm had revenue of $310.10 million during the quarter, compared to analysts’ expectations of $308.84 million. On average, equities research analysts anticipate that ZoomInfo Technologies will post 0.69 EPS for the current fiscal year.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the sale, the chief technology officer now owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,474 shares of company stock valued at $205,379. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in ZoomInfo Technologies in the 1st quarter valued at approximately $85,000. Boston Partners bought a new position in shares of ZoomInfo Technologies during the first quarter valued at $613,000. Swedbank AB acquired a new position in shares of ZoomInfo Technologies during the first quarter worth $14,026,000. Washington Harbour Partners LP grew its stake in shares of ZoomInfo Technologies by 18.6% in the first quarter. Washington Harbour Partners LP now owns 255,400 shares of the company’s stock worth $4,094,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Comerica Bank increased its holdings in ZoomInfo Technologies by 32.3% in the first quarter. Comerica Bank now owns 181,559 shares of the company’s stock valued at $2,910,000 after purchasing an additional 44,276 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.