ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $13.40 Average Price Target from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-two research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.40.

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an "underperform" rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Piper Sandler decreased their price objective on ZoomInfo Technologies from $14.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. The Goldman Sachs Group lowered ZoomInfo Technologies from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $19.50 to $12.00 in a research report on Wednesday, May 8th. Finally, KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, August 6th.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 1,500,000 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the transaction, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 1,279,023 shares of the company's stock, valued at $16,345,913.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of ZoomInfo Technologies stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the purchase, the chief executive officer now directly owns 11,788,001 shares of the company's stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Insiders have sold a total of 23,974 shares of company stock valued at $298,154 in the last three months. 8.10% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently bought and sold shares of ZI. J.Safra Asset Management Corp boosted its position in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock valued at $34,000 after buying an additional 2,388 shares in the last quarter. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 44.0% in the first quarter. Fifth Third Bancorp now owns 2,381 shares of the company's stock valued at $38,000 after buying an additional 728 shares in the last quarter. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. Covestor Ltd boosted its position in ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company's stock valued at $54,000 after buying an additional 2,861 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $62,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.16 during trading hours on Friday, hitting $9.89. The stock had a trading volume of 5,883,176 shares, compared to its average volume of 9,934,182. The company has a 50-day moving average of $10.82 and a two-hundred day moving average of $13.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.70 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 6.05 and a beta of 1.06. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company's quarterly revenue was down 5.5% on a year-over-year basis. On average, equities research analysts anticipate that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

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.