ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

ZoomInfo Technologies (NASDAQ:ZI) had its target price boosted by stock analysts at Canaccord Genuity Group from $14.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 31.52% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley increased their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock 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 research note on Friday, December 13th. Barclays upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $11.00 in a report on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $11.88.

ZoomInfo Technologies Stock Performance

ZI stock traded up $1.88 during trading on Wednesday, reaching $11.41. The stock had a trading volume of 17,538,292 shares, compared to its average volume of 6,663,940. The firm has a market cap of $3.92 billion, a PE ratio of 380.29, a PEG ratio of 13.05 and a beta of 1.01. 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’s 50 day moving average is $10.23 and its two-hundred day moving average is $10.32. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $17.45.

ZoomInfo Technologies (NASDAQ:ZI) last issued 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 return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. As a group, equities analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Insider Activity at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the company’s 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 owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZI. Principal Street Partners LLC increased its position in shares of ZoomInfo Technologies by 0.6% during the fourth quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $10,263,000 after acquiring an additional 6,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ZoomInfo Technologies by 17.5% during the 4th 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 purchasing an additional 139,629 shares during the period. Woodline Partners LP acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at about $308,000. Sone Capital Management LLC purchased a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $2,331,000. Finally, Two Sigma Advisers LP grew its position in shares of ZoomInfo Technologies by 8.4% during the fourth quarter. Two Sigma Advisers LP now owns 602,000 shares of the company’s stock worth $6,327,000 after buying an additional 46,500 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.