ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $15.00 at Canaccord Genuity Group

ZoomInfo Technologies (NASDAQ:ZI) had its price objective raised by Canaccord Genuity Group from $14.00 to $15.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Morgan Stanley lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $11.00 in a report on Wednesday. Mizuho lifted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Barclays lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. Five investment 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, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $11.88.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI opened at $11.73 on Wednesday. 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. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $17.45. The business’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.33.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. On average, sell-side analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Ali Dasdan sold 4,898 shares of the business’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 transaction, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at about $116,622,000. Deutsche Bank AG lifted its stake in ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. FMR LLC boosted its holdings in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Hood River Capital Management LLC acquired a new position in ZoomInfo Technologies in the fourth quarter worth approximately $48,336,000. Finally, Maverick Capital Ltd. acquired a new position in ZoomInfo Technologies in the third quarter worth approximately $44,248,000. Institutional investors and hedge funds 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.