ZoomInfo Technologies (NASDAQ:ZI) Given New $15.00 Price Target at Canaccord Genuity Group

ZoomInfo Technologies (NASDAQ:ZI) had its price target boosted by equities research analysts at Canaccord Genuity Group from $14.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 24.90% from the stock’s previous close.

ZI has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup raised their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a research report on Wednesday. Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $12.01 on Wednesday. The stock has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.34. The stock has a market capitalization of $4.12 billion, a PE ratio of 400.47, a P/E/G ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $17.14.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. Research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the transaction, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of the company. Creative Planning bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth about $254,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies in the third quarter worth approximately $37,000. State of Alaska Department of Revenue boosted its holdings in shares of ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares in the last quarter. US Bancorp DE grew its position in shares of ZoomInfo Technologies by 164.7% during the 3rd quarter. US Bancorp DE now owns 12,742 shares of the company’s stock worth $131,000 after buying an additional 7,928 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of ZoomInfo Technologies by 37.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 202,406 shares of the company’s stock worth $2,089,000 after buying an additional 55,150 shares during the period. 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.