ZoomInfo Technologies (NASDAQ:ZI) Price Target Increased to $54.00 by Analysts at Barclays
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) had its price objective boosted by Barclays from $50.00 to $54.00 in a research note released on Tuesday morning, The Fly reports. Barclays currently has an overweight rating on the stock.
Several other research firms also recently weighed in on ZI. Morgan Stanley reiterated an overweight rating and issued a $66.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, October 5th. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $50.00 to $54.00 and gave the company an overweight rating in a research report on Tuesday, August 2nd. The Goldman Sachs Group decreased their price objective on shares of ZoomInfo Technologies from $71.00 to $63.00 and set a buy rating on the stock in a research report on Tuesday, August 2nd. Daiwa Capital Markets started coverage on shares of ZoomInfo Technologies in a research report on Wednesday, September 28th. They set a buy rating and a $66.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their price objective on shares of ZoomInfo Technologies from $68.00 to $56.00 in a research report on Thursday, August 4th. Seventeen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $69.11.
ZoomInfo Technologies Stock Up 3.0 %
ZI opened at $45.12 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 1-year low of $30.31 and a 1-year high of $79.17. The company has a market capitalization of $18.20 billion, a PE ratio of 167.11, a PEG ratio of 2.66 and a beta of 1.31. The firm’s 50 day simple moving average is $44.84 and its two-hundred day simple moving average is $43.18.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). ZoomInfo Technologies had a return on equity of 7.16% and a net margin of 13.61%. The business had revenue of $267.10 million during the quarter, compared to the consensus estimate of $254.45 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm’s revenue was up 53.5% on a year-over-year basis. As a group, equities analysts forecast that ZoomInfo Technologies will post 0.45 EPS for the current year.
Insiders Place Their Bets
In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 5,000 shares of ZoomInfo Technologies stock in a transaction on Friday, September 9th. The shares were sold at an average price of $43.70, for a total value of $218,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,142,531 shares of the company’s stock, valued at approximately $49,928,604.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Joseph Christopher Hays sold 17,797 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $41.97, for a total value of $746,940.09. Following the completion of the sale, the chief operating officer now owns 577,329 shares in the company, valued at approximately $24,230,498.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Cameron Hyzer sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $43.70, for a total transaction of $218,500.00. Following the completion of the sale, the chief financial officer now owns 1,142,531 shares of the company’s stock, valued at approximately $49,928,604.70. The disclosure for this sale can be found here. Insiders sold 614,460 shares of company stock valued at $29,335,085 in the last three months. Corporate insiders own 9.70% of the company’s stock.
Institutional Investors Weigh In On ZoomInfo Technologies
Several institutional investors have recently made changes to their positions in the company. Capital World Investors lifted its holdings in ZoomInfo Technologies by 7.1% during the 1st quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock valued at $1,685,604,000 after buying an additional 1,872,595 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ZoomInfo Technologies by 8.0% during the 1st quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock valued at $1,378,944,000 after buying an additional 1,717,608 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in ZoomInfo Technologies by 5.7% during the 1st quarter. Allianz Asset Management GmbH now owns 15,119,963 shares of the company’s stock valued at $903,267,000 after buying an additional 819,402 shares in the last quarter. Black Rock Inc. lifted its holdings in ZoomInfo Technologies by 4.0% during the 1st quarter. Black Rock Inc. now owns 14,658,212 shares of the company’s stock valued at $875,683,000 after buying an additional 563,686 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in ZoomInfo Technologies by 33.5% during the 1st quarter. Jennison Associates LLC now owns 7,462,240 shares of the company’s stock valued at $445,794,000 after buying an additional 1,871,380 shares in the last quarter. Institutional investors own 91.42% of the company’s stock.
About ZoomInfo Technologies
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ZoomInfo Technologies Inc, through its subsidiaries, provides a 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 leads 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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