ZoomInfo Technologies (NASDAQ:ZI) Receives Buy Rating from Needham & Company LLC

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $15.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 14.68% from the stock’s previous close.

Several other analysts also recently issued reports on ZI. Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup dropped their price objective on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus decreased 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, Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.76.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $13.08 on Wednesday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 327.08, a P/E/G ratio of 7.74 and a beta of 1.03. The business has a 50-day moving average of $10.49 and a two-hundred day moving average of $11.37. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

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

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies during the third quarter valued at $31,000. J.Safra Asset Management Corp grew its holdings in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $37,000. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares during the last quarter. Finally, Covestor Ltd boosted its position in ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.