ZoomInfo Technologies (NASDAQ:ZI) Trading Up 7.2% on Analyst Upgrade

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) shot up 7.2% during mid-day trading on Thursday after Scotiabank raised their price target on the stock from $10.30 to $11.00. Scotiabank currently has a sector perform rating on the stock. ZoomInfo Technologies traded as high as $12.55 and last traded at $12.58. 5,627,040 shares traded hands during trading, a decline of 21% from the average session volume of 7,143,709 shares. The stock had previously closed at $11.73.

A number of other research firms have also recently issued reports on ZI. Canaccord Genuity Group lifted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company upped their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price target for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of "Hold" and an average target price of $11.92.

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Insider Activity at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 4,898 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently made changes to their positions in ZI. Jefferies Financial Group Inc. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $150,000. Principal Street Partners LLC lifted its stake in ZoomInfo Technologies by 0.6% in the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company's stock valued at $10,263,000 after acquiring an additional 6,141 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ZoomInfo Technologies by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company's stock worth $9,844,000 after acquiring an additional 139,629 shares during the last quarter. Woodline Partners LP bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $308,000. Finally, Sone Capital Management LLC acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $2,331,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

The stock's 50-day moving average price is $10.30 and its 200 day moving average price is $10.38. The firm has a market cap of $3.96 billion, a P/E ratio of 384.79, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The business had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current 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.