ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $14.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective boosted by Stifel Nicolaus from $13.00 to $14.00 in a report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently issued reports on ZI. Citigroup upped their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Mizuho upped their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $10.00 to $11.00 in a research note 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.92.

ZoomInfo Technologies Stock Down 2.9 %

NASDAQ ZI opened at $11.66 on Wednesday. The firm has a market cap of $4.00 billion, a PE ratio of 388.80, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $17.13. The stock’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.36. 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 (NASDAQ:ZI) last posted its quarterly earnings data 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). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. As a group, sell-side analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated 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 approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Randall Winn sold 290,541 shares of the 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 transaction, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. bought a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $116,622,000. Deutsche Bank AG grew its holdings in shares of ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after acquiring an additional 10,181,253 shares in the last quarter. FMR LLC grew its holdings in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $48,336,000. Finally, Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at about $44,248,000. 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.