Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $13.40

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received an average rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Four 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 12 month target price among brokers that have issued a report on the stock in the last year is $13.40.

ZI has been the topic of a number of research reports. Mizuho reduced their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC decreased their target price on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th.

ZoomInfo Technologies Stock Down 3.9 %

Shares of ZI opened at $9.55 on Friday. The company’s 50-day moving average price is $10.56 and its 200 day moving average price is $13.23. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.57 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 6.01 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly 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). The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. ZoomInfo Technologies’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. On average, sell-side analysts forecast that ZoomInfo Technologies will post 0.55 earnings per share for the current year.

Insider Activity

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 acquired at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Henry Schuck bought 1,500,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the purchase, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the sale, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The disclosure for this sale can be found here. Insiders have sold 18,112 shares of company stock valued at $228,396 in the last ninety days. 8.10% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ZI. Pacer Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 8,471.7% in the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after buying an additional 6,611,160 shares in the last quarter. Coatue Management LLC purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter worth $120,619,000. Franklin Resources Inc. grew its stake in shares of ZoomInfo Technologies by 52,230.4% during the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after purchasing an additional 6,043,581 shares during the period. Marshall Wace LLP purchased a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at about $73,435,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after purchasing an additional 223,669 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.