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

ZoomInfo Technologies (NASDAQ:ZI) had its price target hoisted by investment analysts at Barclays from $9.00 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 7.90% from the company’s previous close.

A number of other brokerages have also weighed in 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, February 26th. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group upped their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $10.50.

ZoomInfo Technologies Stock Up 9.0%

Shares of NASDAQ ZI traded up $0.85 during trading on Tuesday, hitting $10.20. 15,681,274 shares of the company traded hands, compared to its average volume of 7,224,207. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 339.95, a P/E/G ratio of 13.05 and a beta of 1.02. The business’s fifty day moving average is $9.34 and its 200 day moving average is $10.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.67.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, May 12th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $305.70 million during the quarter, compared to analyst estimates of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Equities research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds have recently modified their holdings of ZI. UMB Bank n.a. increased its position in ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock worth $34,000 after buying an additional 1,889 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares during the period. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC raised 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 acquiring an additional 4,735 shares during the period. Finally, US Bancorp DE raised its stake in ZoomInfo Technologies by 32.9% in the 1st quarter. US Bancorp DE now owns 8,458 shares of the company’s stock valued at $85,000 after acquiring an additional 2,092 shares during the period. Institutional investors 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.