ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) has received an average rating of "Buy" from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $68.89.
ZI has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective on shares of ZoomInfo Technologies from $71.00 to $63.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Daiwa Capital Markets started coverage on shares of ZoomInfo Technologies in a report on Wednesday. They issued a "buy" rating and a $66.00 target price on the stock. UBS Group upped their price target on shares of ZoomInfo Technologies from $50.00 to $53.00 and gave the company a "buy" rating in a report on Tuesday, August 2nd. Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $81.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. Finally, Credit Suisse Group lowered their price objective on shares of ZoomInfo Technologies from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, August 2nd.
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Insider Buying and Selling
In related news, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total value of $668,637.04. Following the transaction, the insider now directly owns 41,656,293 shares of the company's stock, valued at approximately $1,875,366,310.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other ZoomInfo Technologies news, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total value of $668,637.04. Following the completion of the sale, the insider now owns 41,656,293 shares in the company, valued at approximately $1,875,366,310.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Cameron Hyzer sold 5,000 shares of the firm's stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.70, for a total value of $218,500.00. Following the sale, the chief financial officer now directly owns 1,142,531 shares in the company, valued at $49,928,604.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 576,663 shares of company stock valued at $27,752,445. 9.70% of the stock is owned by insiders.
Institutional Investors Weigh In On ZoomInfo Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZI. SJS Investment Consulting Inc. bought a new stake in shares of ZoomInfo Technologies during the first quarter worth $29,000. Private Trust Co. NA bought a new position in ZoomInfo Technologies in the 2nd quarter worth about $33,000. Truvestments Capital LLC purchased a new position in shares of ZoomInfo Technologies during the second quarter worth approximately $47,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $60,000. Finally, Prospera Financial Services Inc purchased a new stake in shares of ZoomInfo Technologies in the first quarter valued at approximately $60,000. 91.42% of the stock is currently owned by hedge funds and other institutional investors.
ZoomInfo Technologies Stock Up 0.0 %
ZI opened at $41.66 on Friday. The firm has a market capitalization of $16.81 billion, a P/E ratio of 154.30, a price-to-earnings-growth ratio of 2.65 and a beta of 1.39. ZoomInfo Technologies has a one year low of $30.31 and a one year high of $79.17. The company has a fifty day moving average price of $44.13 and a 200-day moving average price of $44.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.08.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $267.10 million for the quarter, compared to the consensus estimate of $254.45 million. ZoomInfo Technologies had a net margin of 13.61% and a return on equity of 7.16%. The business's revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities research analysts expect that ZoomInfo Technologies will post 0.45 earnings per share for the current fiscal year.
About ZoomInfo Technologies
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ZoomInfo Technologies Inc, through 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.
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