ZoomInfo Technologies (NASDAQ:ZI) Given New $14.00 Price Target at Stifel Nicolaus

ZoomInfo Technologies (NASDAQ:ZI) had its price objective boosted by stock analysts at Stifel Nicolaus from $13.00 to $14.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 26.54% from the company’s current price.

ZI has been the topic of several other reports. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target on the stock. Barclays increased their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. 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 report on Wednesday. Finally, Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.41.

ZoomInfo Technologies Trading Up 16.1 %

Shares of ZI stock opened at $11.06 on Wednesday. The stock has a market cap of $3.80 billion, a P/E ratio of 368.92, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 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 stock has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $10.32.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results 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 company had revenue of $309.10 million for 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%. On average, research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share 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 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the 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 sale, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at about $116,622,000. Deutsche Bank AG increased its holdings in ZoomInfo Technologies by 21,345.2% during 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. FMR LLC increased its holdings in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the period. Hood River Capital Management LLC purchased a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $48,336,000. Finally, Maverick Capital Ltd. bought a new position in ZoomInfo Technologies in the 3rd quarter valued at $44,248,000. 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.