Barclays Forecasts Strong Price Appreciation for ZoomInfo Technologies (NASDAQ:ZI) Stock

ZoomInfo Technologies (NASDAQ:ZI) had its target price increased by equities researchers at Barclays from $11.00 to $13.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 36.41% from the company’s previous close.

ZI has been the topic of several other research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Wednesday. Finally, KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.31.

ZoomInfo Technologies Trading Down 1.1 %

NASDAQ ZI opened at $9.53 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.27 billion, a P/E ratio of 317.77, a PEG ratio of 13.05 and a beta of 1.01. The firm’s 50-day moving average is $10.23 and its two-hundred day moving average is $10.32. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $17.45.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results 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%. On average, sell-side analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Insider Activity

In other news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction that occurred 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, 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. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently made changes to their positions in ZI. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the third quarter worth approximately $37,000. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC raised its position in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares during the period. 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.