ZoomInfo Technologies (NASDAQ:ZI) Given New $11.00 Price Target at Scotiabank

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its price target increased by Scotiabank from $10.30 to $11.00 in a report released on Thursday,Benzinga reports. They currently have a sector perform rating on the stock.

Several other research analysts have also recently commented on ZI. Stifel Nicolaus boosted their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Finally, Barclays upped their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Five research 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, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $11.92.

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ZoomInfo Technologies Stock Down 1.0 %

Shares of NASDAQ:ZI traded down $0.12 during mid-day trading on Thursday, hitting $11.54. 8,112,947 shares of the company traded hands, compared to its average volume of 7,669,210. The firm's 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.38. The firm has a market cap of $3.96 billion, a P/E ratio of 384.79, a PEG ratio of 13.05 and a beta of 1.01. 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 52-week low of $7.65 and a 52-week high of $17.01.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, equities analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current year.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies 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 sale, the director now owns 1,266,807 shares of the company's stock, valued at $14,010,885.42. The trade was a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares of the company's stock, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $2,320,000. Victory Capital Management Inc. raised its holdings in ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock worth $1,689,000 after purchasing an additional 74,455 shares in the last quarter. Versor Investments LP acquired a new stake in ZoomInfo Technologies in the third quarter worth approximately $516,000. State Street Corp boosted its stake in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in ZoomInfo Technologies during the 3rd quarter valued at $895,000. 95.47% of the stock is currently 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.