ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $12.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective raised by Wells Fargo & Company from $11.00 to $12.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on ZI. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday. Mizuho raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Scotiabank assumed coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective for the company. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Citigroup raised their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.92.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $11.66 on Wednesday. The company has a market cap of $4.00 billion, a P/E ratio of 388.80, a PEG 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 one year low of $7.65 and a one year high of $17.13. The business’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $10.36.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, sell-side analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Activity at ZoomInfo Technologies

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

Institutional Trading of ZoomInfo Technologies

Several hedge funds have recently added to or reduced their stakes in ZI. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at $37,000. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares in the last quarter. GAMMA Investing LLC raised its stake in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after acquiring an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after acquiring an additional 5,468 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

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.