ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $11.00 at Scotiabank

ZoomInfo Technologies (NASDAQ:ZI) had its price objective hoisted by analysts at Scotiabank from $10.30 to $11.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential downside of 5.66% from the stock’s current price.

ZI has been the topic of several other reports. Barclays raised their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research report on Wednesday. Morgan Stanley increased their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup increased their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.92.

ZoomInfo Technologies Trading Down 2.9 %

Shares of NASDAQ:ZI opened at $11.66 on Thursday. The company has a market cap of $4.00 billion, a P/E ratio of 388.80, a P/E/G ratio of 13.05 and a beta of 1.01. The stock’s 50-day moving average is $10.30 and its 200-day moving average is $10.36. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $17.13. 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 (NASDAQ:ZI) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently modified their holdings of the company. Creative Planning acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $254,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $37,000. State of Alaska Department of Revenue increased its holdings in shares of ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after purchasing an additional 2,275 shares in the last quarter. US Bancorp DE increased its holdings in shares of ZoomInfo Technologies by 164.7% in the third quarter. US Bancorp DE now owns 12,742 shares of the company’s stock valued at $131,000 after purchasing an additional 7,928 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of ZoomInfo Technologies by 37.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 202,406 shares of the company’s stock valued at $2,089,000 after purchasing an additional 55,150 shares in the last quarter. Institutional investors and hedge funds 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.