ZoomInfo Technologies (NASDAQ:ZI) Shares Gap Up on Analyst Upgrade

ZoomInfo Technologies Inc. (NASDAQ:ZI) gapped up prior to trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $13.00 to $14.00. The stock had previously closed at $9.53, but opened at $11.18. Stifel Nicolaus currently has a buy rating on the stock. ZoomInfo Technologies shares last traded at $11.19, with a volume of 7,895,253 shares changing hands.

ZI has been the subject of several other reports. Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $11.00 in a research note on Wednesday. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Barclays raised their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average target price of $12.41.

Insider Buying and Selling

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was 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. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Principal Street Partners LLC raised its holdings in ZoomInfo Technologies by 0.6% during the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $10,263,000 after purchasing an additional 6,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ZoomInfo Technologies by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company’s stock worth $9,844,000 after buying an additional 139,629 shares during the period. Woodline Partners LP bought a new position in ZoomInfo Technologies during the fourth quarter worth $308,000. Sone Capital Management LLC bought a new position in ZoomInfo Technologies during the fourth quarter worth $2,331,000. Finally, Two Sigma Advisers LP lifted its holdings in ZoomInfo Technologies by 8.4% in the fourth quarter. Two Sigma Advisers LP now owns 602,000 shares of the company’s stock valued at $6,327,000 after buying an additional 46,500 shares during the period. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Up 17.5 %

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $10.32. The firm has a market cap of $3.85 billion, a P/E ratio of 372.59, a PEG ratio of 13.05 and a beta of 1.01.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share 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 during the quarter, compared to the consensus estimate of $297.64 million. As a group, research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

ZoomInfo Technologies Company Profile

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.