ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $16.00 by Analysts at Stifel Nicolaus

ZoomInfo Technologies (NASDAQ:ZI) had its price objective reduced by equities researchers at Stifel Nicolaus from $20.00 to $16.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 39.37% from the company’s current price.

Other analysts have also recently issued reports about the company. Wells Fargo & Company cut their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, May 8th. KeyCorp dropped their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. UBS Group reduced their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, Canaccord Genuity Group lowered their price objective on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus price target of $18.67.

ZoomInfo Technologies Trading Down 0.3 %

ZI stock traded down $0.03 during trading on Tuesday, hitting $11.48. 517,956 shares of the company traded hands, compared to its average volume of 6,268,655. The company has a 50-day moving average of $12.35 and a 200-day moving average of $14.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. ZoomInfo Technologies has a 1 year low of $11.16 and a 1 year high of $26.23. The firm has a market capitalization of $4.29 billion, a PE ratio of 57.40, a P/E/G ratio of 2.75 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The firm had revenue of $310.10 million during the quarter, compared to the consensus estimate of $308.84 million. Analysts predict that ZoomInfo Technologies will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now owns 17,622 shares in the company, valued at $225,209.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The disclosure for this sale can be found here. Insiders have sold a total of 23,974 shares of company stock worth $298,154 over the last 90 days. 8.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Coatue Management LLC bought a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $120,619,000. Franklin Resources Inc. increased its holdings in ZoomInfo Technologies by 52,230.4% during the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock valued at $111,960,000 after buying an additional 6,043,581 shares during the last quarter. Norges Bank purchased a new position in shares of ZoomInfo Technologies during the 4th quarter worth $55,448,000. Kinetic Partners Management LP grew its position in shares of ZoomInfo Technologies by 95.4% during the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock valued at $43,529,000 after acquiring an additional 1,325,500 shares during the period. Finally, Delta Global Management LP increased its stake in shares of ZoomInfo Technologies by 280.1% in the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after purchasing an additional 1,911,221 shares in the last quarter. 95.47% of the stock is owned by 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.