ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $12.00 at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lifted by equities research analysts at Wells Fargo & Company from $11.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.46% from the company’s previous close.

A number of other equities analysts have also commented on ZI. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday. Barclays increased their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Scotiabank assumed coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $11.00 in a report on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.41.

ZoomInfo Technologies Price Performance

ZI stock opened at $11.06 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $17.45. The stock has a market cap of $3.80 billion, a PE ratio of 368.92, a P/E/G ratio of 13.05 and a beta of 1.01. The company has a 50-day moving average price of $10.23 and a 200 day moving average price of $10.32.

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

Insider Activity

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. The trade was 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 Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $37,000. Fifth Third Bancorp lifted its holdings in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC grew its position in 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 buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in ZoomInfo Technologies by 343.1% in the 4th 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. raised its position in ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after buying an additional 5,468 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.