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

ZoomInfo Technologies (NASDAQ:ZI) had its price objective raised by Wells Fargo & Company from $11.00 to $12.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

ZI has been the subject of a number of other reports. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $11.00 in a research report on Wednesday. Mizuho raised their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Finally, KeyCorp cut 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 assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $11.88.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $11.73 on Wednesday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $17.45. The company has a 50-day moving average of $10.25 and a two-hundred day moving average of $10.33. 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 cap of $4.03 billion, a price-to-earnings ratio of 391.13, a PEG ratio of 13.05 and a beta of 1.01.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities research analysts expect that ZoomInfo Technologies will post 0.59 earnings per share for the current year.

Insider Activity at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. 8.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $116,622,000. Deutsche Bank AG grew its position in ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after buying an additional 10,181,253 shares in the last quarter. FMR LLC grew its position in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Hood River Capital Management LLC acquired a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $48,336,000. Finally, Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $44,248,000. 95.47% of the stock is owned by institutional investors.

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.