ZoomInfo Technologies (NASDAQ:ZI) Given New $12.00 Price Target at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI) had its price objective lifted by Wells Fargo & Company from $11.00 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Mizuho boosted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $11.00 in a research report on Wednesday. Citigroup raised their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Barclays boosted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Scotiabank initiated coverage on ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target for the company. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.88.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $11.73 on Wednesday. The firm has a market capitalization of $4.03 billion, a PE ratio of 391.13, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $17.45. The firm has a 50-day moving average price of $10.25 and a 200 day moving average price of $10.33.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results 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 company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Research analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated 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 approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 of the company’s stock, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of ZI. Principal Street Partners LLC lifted its holdings in ZoomInfo Technologies by 0.6% during the fourth quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $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 raised its position in shares of ZoomInfo Technologies by 17.5% during the fourth 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 purchasing an additional 139,629 shares during the period. Woodline Partners LP bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $308,000. Sone Capital Management LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $2,331,000. Finally, Two Sigma Advisers LP increased its stake in ZoomInfo Technologies by 8.4% during the 4th quarter. Two Sigma Advisers LP now owns 602,000 shares of the company’s stock worth $6,327,000 after purchasing an additional 46,500 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.