ZoomInfo Technologies (NASDAQ:ZI – Get Rating) had its target price decreased by Barclays from $46.00 to $36.00 in a research note published on Tuesday morning, The Fly reports. Barclays currently has an overweight rating on the stock.
Other equities research analysts also recently issued reports about the stock. Mizuho dropped their price target on shares of ZoomInfo Technologies from $50.00 to $45.00 and set a buy rating for the company in a research report on Thursday, December 8th. Daiwa Capital Markets assumed coverage on shares of ZoomInfo Technologies in a research report on Wednesday, September 28th. They issued a buy rating and a $66.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of ZoomInfo Technologies from $60.00 to $40.00 and set a buy rating for the company in a research report on Thursday, November 17th. Wolfe Research lowered their price objective on shares of ZoomInfo Technologies from $65.00 to $50.00 and set an outperform rating for the company in a research report on Wednesday, November 2nd. Finally, Raymond James lowered their price objective on shares of ZoomInfo Technologies from $65.00 to $41.00 in a research report on Wednesday, November 2nd. Two equity research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $44.11.
ZoomInfo Technologies Trading Down 2.0 %
Shares of ZI stock opened at $25.47 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. ZoomInfo Technologies has a 12-month low of $23.29 and a 12-month high of $61.44. The firm has a 50 day moving average price of $28.74 and a two-hundred day moving average price of $37.70. The company has a market capitalization of $10.28 billion, a PE ratio of 55.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). ZoomInfo Technologies has a net margin of 18.15% and a return on equity of 7.92%. The business had revenue of $287.60 million during the quarter, compared to analyst estimates of $277.90 million. As a group, analysts predict that ZoomInfo Technologies will post 0.46 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Henry Schuck sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $28.16, for a total value of $28,160,000.00. Following the transaction, the chief executive officer now owns 14,288,001 shares in the company, valued at $402,350,108.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 9.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On ZoomInfo Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in ZoomInfo Technologies by 40.6% in the second quarter. Mackenzie Financial Corp now owns 25,174 shares of the company’s stock valued at $837,000 after buying an additional 7,272 shares during the period. Delphia USA Inc. raised its holdings in shares of ZoomInfo Technologies by 52.3% during the second quarter. Delphia USA Inc. now owns 6,031 shares of the company’s stock valued at $200,000 after purchasing an additional 2,072 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of ZoomInfo Technologies by 5.9% during the second quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock valued at $499,000 after purchasing an additional 810 shares during the period. Mission Wealth Management LP raised its holdings in shares of ZoomInfo Technologies by 65.0% during the second quarter. Mission Wealth Management LP now owns 14,083 shares of the company’s stock valued at $468,000 after purchasing an additional 5,550 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in shares of ZoomInfo Technologies by 2.0% during the second quarter. Nomura Holdings Inc. now owns 376,401 shares of the company’s stock valued at $12,746,000 after purchasing an additional 7,512 shares during the period. Institutional investors and hedge funds own 84.96% of the company’s stock.
ZoomInfo Technologies Company Profile
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ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platforms 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 continuously 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.
Further Reading
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