ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $19.00

ZoomInfo Technologies (NASDAQ:ZIFree Report) had its target price cut by Wells Fargo & Company from $21.00 to $19.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also commented on ZI. UBS Group lowered their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Morgan Stanley lowered their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a report on Wednesday, April 17th. Canaccord Genuity Group reduced their price objective on ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a buy rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, May 8th. Finally, Barclays reduced their price objective on ZoomInfo Technologies from $19.00 to $15.00 and set an equal weight rating for the company in a research report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $18.90.

View Our Latest Report on ZI

ZoomInfo Technologies Stock Down 4.1 %

Shares of ZoomInfo Technologies stock opened at $11.78 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.40 billion, a P/E ratio of 58.90, a P/E/G ratio of 2.90 and a beta of 1.05. ZoomInfo Technologies has a fifty-two week low of $11.67 and a fifty-two week high of $30.16. The business has a 50-day moving average price of $13.64 and a 200 day moving average price of $15.52.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $310.10 million during the quarter, compared to analyst estimates of $308.84 million. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. On average, sell-side analysts forecast that ZoomInfo Technologies will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the sale, the director now owns 17,622 shares in the company, valued at approximately $225,209.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the director now directly owns 17,622 shares in the company, valued at $225,209.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,474 shares of company stock worth $205,379. Insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in ZI. FMR LLC raised its stake in ZoomInfo Technologies by 180.0% during the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after purchasing an additional 8,909,420 shares during the period. Coatue Management LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter valued at $120,619,000. Franklin Resources Inc. raised its stake in ZoomInfo Technologies by 52,230.4% during the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after purchasing an additional 6,043,581 shares during the period. Cadian Capital Management LP raised its stake in ZoomInfo Technologies by 110.7% during the 3rd quarter. Cadian Capital Management LP now owns 9,765,615 shares of the company’s stock valued at $160,156,000 after purchasing an additional 5,131,000 shares during the period. Finally, Norges Bank acquired a new stake in ZoomInfo Technologies during the 4th quarter valued at $55,448,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

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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.

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Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

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