ZoomInfo Technologies (NASDAQ:ZI) Upgraded at Piper Sandler

Piper Sandler upgraded shares of ZoomInfo Technologies (NASDAQ:ZI) from an underweight rating to a neutral rating in a research report report published on Wednesday, MarketBeat Ratings reports. Piper Sandler currently has $11.00 price objective on the stock, up from their prior price objective of $10.00.

Several other research firms also recently commented on ZI. Scotiabank began coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target on the stock. Barclays cut their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.92.

ZoomInfo Technologies Trading Down 2.9 %

Shares of ZI opened at $11.66 on Wednesday. The firm’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.36. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $17.13.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during 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%. Sell-side analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. 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

Several large investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. purchased a new position in ZoomInfo Technologies in the 4th quarter worth about $150,000. Principal Street Partners LLC raised its position in ZoomInfo Technologies by 0.6% in the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $10,263,000 after buying an additional 6,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ZoomInfo Technologies by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company’s stock worth $9,844,000 after buying an additional 139,629 shares during the last quarter. Woodline Partners LP purchased a new position in ZoomInfo Technologies in the 4th quarter worth about $308,000. Finally, Sone Capital Management LLC purchased a new position in ZoomInfo Technologies in the 4th quarter worth about $2,331,000. Hedge funds and other 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.