Barclays Boosts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price lifted by research analysts at Barclays from $9.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 9.67% from the company’s previous close.

Several other equities analysts also recently issued reports on ZI. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Mizuho decreased their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler increased their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.63.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.03 on Tuesday. 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 $7.01 and a 1 year high of $13.67. The company has a market capitalization of $3.43 billion, a PE ratio of 334.44, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a fifty day moving average of $9.29 and a two-hundred day moving average of $10.18.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. ZoomInfo Technologies’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZI. Jericho Capital Asset Management L.P. acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $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 worth $107,506,000 after acquiring an additional 10,181,253 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after acquiring an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock worth $55,029,000 after acquiring an additional 2,118,297 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in ZoomInfo Technologies in the 1st quarter valued at about $51,933,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.