What is DA Davidson’s Forecast for ZI Q4 Earnings?

ZoomInfo Technologies Inc. (NASDAQ:ZI) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of ZoomInfo Technologies in a research note issued to investors on Wednesday, November 13th. DA Davidson analyst G. Luria expects that the company will post earnings per share of $0.14 for the quarter. DA Davidson currently has a “Neutral” rating and a $9.50 price target on the stock. The consensus estimate for ZoomInfo Technologies’ current full-year earnings is $0.55 per share.

Other analysts have also recently issued research reports about the stock. Piper Sandler increased their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp cut shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Daiwa America cut ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Price Performance

ZI opened at $10.23 on Thursday. The stock’s 50-day moving average price is $10.53 and its 200 day moving average price is $11.31. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 341.00, a PEG ratio of 6.44 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently bought and sold shares of ZI. Raleigh Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $31,000. J.Safra Asset Management Corp boosted its position in shares of ZoomInfo Technologies by 955.2% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth $37,000. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% in 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 in the last quarter. Finally, Covestor Ltd lifted its stake in shares of 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 purchasing an additional 2,861 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.