Piper Sandler Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $14.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target dropped by investment analysts at Piper Sandler from $15.00 to $14.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 19.45% from the company’s previous close.

Other analysts also recently issued research reports about the company. KeyCorp cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Canaccord Genuity Group cut their target price on ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, June 21st. UBS Group dropped their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Barclays reduced their target price on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $18.86.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $11.72 on Friday. The stock has a market capitalization of $4.38 billion, a PE ratio of 58.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The business’s fifty day moving average price is $12.61 and its 200 day moving average price is $14.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.11. ZoomInfo Technologies has a 12-month low of $11.35 and a 12-month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The company had revenue of $310.10 million for the quarter, compared to the consensus estimate of $308.84 million. Equities research analysts forecast that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insider Buying and Selling

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the sale, the director now directly owns 17,622 shares of the company’s stock, valued at $225,209.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies 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 directly owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The disclosure for this sale can be found here. Insiders have sold a total of 23,974 shares of company stock valued at $298,154 over the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of ZI. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the period. GAMMA Investing LLC purchased a new position in ZoomInfo Technologies during the 4th quarter worth approximately $43,000. Covestor Ltd raised its stake in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after purchasing an additional 2,861 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $62,000. 95.47% of the stock is owned by hedge funds and other 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.