ZoomInfo Technologies’ (ZI) “Buy” Rating Reaffirmed at Needham & Company LLC

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $15.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 14.68% from the company’s current price.

A number of other research firms also recently commented on ZI. KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, August 6th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Finally, Mizuho reduced their target price on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.76.

ZoomInfo Technologies Stock Up 3.4 %

ZI stock opened at $13.08 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $10.49 and its 200-day simple moving average is $11.37. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39. The firm has a market capitalization of $4.78 billion, a PE ratio of 327.08, a P/E/G ratio of 7.74 and a beta of 1.03.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $303.60 million during the quarter, compared to the consensus estimate of $299.45 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. Equities analysts expect that ZoomInfo Technologies will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after acquiring an additional 2,585,631 shares in the last quarter. Marshall Wace LLP acquired a new position in ZoomInfo Technologies in the 2nd quarter worth about $73,435,000. Bank of New York Mellon Corp raised its stake in shares of ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after purchasing an additional 223,669 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after buying an additional 548,094 shares during the last quarter. Finally, Kinetic Partners Management LP grew its stake in shares of ZoomInfo Technologies by 95.4% in the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock valued at $43,529,000 after buying an additional 1,325,500 shares in the last quarter. 95.47% of the stock is currently 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.