ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $13.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lifted by Morgan Stanley from $11.00 to $13.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 12.70% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Citigroup boosted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $11.00 in a research note on Wednesday. Mizuho boosted their price objective 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, Stifel Nicolaus increased their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.15.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded up $2.01 during mid-day trading on Wednesday, reaching $11.54. The company had a trading volume of 15,025,890 shares, compared to its average volume of 6,587,395. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $17.45. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $10.23 and its 200-day moving average price is $10.32. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 385.10, a PEG ratio of 13.05 and a beta of 1.01.

ZoomInfo Technologies (NASDAQ:ZI) last issued its 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 firm had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, equities research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Insider Transactions at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the third quarter worth $37,000. Fifth Third Bancorp increased 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 valued at $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC boosted its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the period. Hedge funds and other 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.