ZoomInfo Technologies’ (ZI) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $15.00 price objective on the stock.

ZI has been the subject of several other reports. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Scotiabank started 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 objective for the company. Finally, Citigroup raised their price objective 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. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies Stock Down 2.9 %

Shares of NASDAQ ZI opened at $11.66 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $17.13. The firm has a market capitalization 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. The firm has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $10.36.

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 the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Equities analysts expect that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Insider Activity

In related 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Xponance Inc. boosted its holdings in shares of ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company’s stock worth $380,000 after buying an additional 1,226 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the last quarter. State of Alaska Department of Revenue boosted 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 worth $353,000 after buying an additional 2,275 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company’s stock worth $1,008,000 after buying an additional 2,294 shares during the last quarter. 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.