ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

ZoomInfo Technologies (NASDAQ:ZI) had its target price hoisted by Stifel Nicolaus from $13.00 to $14.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Barclays raised their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho upped 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. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Scotiabank started coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price on the stock. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.88.

ZoomInfo Technologies Trading Up 23.1 %

ZI opened at $11.73 on Wednesday. The business’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $10.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $4.03 billion, a P/E ratio of 391.13, a PEG 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 $17.45.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data 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 firm 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%. As a group, equities research analysts expect that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on 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 directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Randall Winn sold 290,541 shares of the firm’s 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 sale, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. The trade was a 18.66 % 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

A number of institutional investors have recently added to or reduced their stakes in ZI. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 29.1% in the 4th 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. Xponance Inc. raised its holdings in ZoomInfo Technologies by 3.5% in the fourth quarter. Xponance Inc. now owns 36,173 shares of the company’s stock valued at $380,000 after buying an additional 1,226 shares during the period. Fifth Third Bancorp raised its holdings in 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 buying an additional 1,241 shares during the period. State of Alaska Department of Revenue lifted its position in ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after buying an additional 2,275 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in ZoomInfo Technologies by 2.5% during 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 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.