ZoomInfo Technologies (NASDAQ:ZI) Stock Rating Upgraded by Piper Sandler

ZoomInfo Technologies (NASDAQ:ZI) was upgraded by research analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $11.00 price target on the stock, up from their previous price target of $10.00. Piper Sandler’s price target indicates a potential upside of 15.42% from the company’s current price.

A number of other brokerages have also recently issued reports on ZI. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Barclays decreased their price objective on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, Scotiabank began coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price on the stock. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.20.

ZoomInfo Technologies Trading Down 1.1 %

Shares of ZI opened at $9.53 on Wednesday. The firm has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $10.32. The stock has a market capitalization of $3.27 billion, a P/E ratio of 317.77, a PEG 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 twelve month low of $7.65 and a twelve month high of $17.45.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. On average, research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current year.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This 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 the 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 sale, the director now owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently bought and sold shares of the stock. Principal Street Partners LLC raised its stake in ZoomInfo Technologies by 0.6% during the fourth quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock valued at $10,263,000 after purchasing an additional 6,141 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ZoomInfo Technologies by 17.5% in 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 in the last quarter. Woodline Partners LP bought a new stake in ZoomInfo Technologies during the 4th quarter valued at $308,000. Sone Capital Management LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter worth about $2,331,000. Finally, Two Sigma Advisers LP lifted its position in shares of ZoomInfo Technologies by 8.4% in 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 during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.