Stock analysts at Daiwa Capital Markets began coverage on shares of ZoomInfo Technologies (NASDAQ:ZI – Get Rating) in a report released on Wednesday, The Fly reports. The firm set a "buy" rating and a $66.00 price target on the stock. Daiwa Capital Markets' price objective suggests a potential upside of 58.46% from the stock's previous close.
A number of other equities analysts have also weighed in on ZI. UBS Group increased their target price on shares of ZoomInfo Technologies from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, August 2nd. Morgan Stanley cut their target price on shares of ZoomInfo Technologies from $81.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. Barclays cut their target price on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Credit Suisse Group cut 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 report on Tuesday, August 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of ZoomInfo Technologies from $71.00 to $63.00 and set a "buy" rating for the company in a research report on Tuesday, August 2nd. Seventeen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $68.89.
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ZoomInfo Technologies Stock Performance
Shares of ZI stock opened at $41.65 on Wednesday. The company has a market cap of $16.80 billion, a P/E ratio of 154.26, a P/E/G ratio of 2.56 and a beta of 1.39. The firm has a 50-day moving average of $44.05 and a 200-day moving average of $44.61. 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 has a one year low of $30.31 and a one year high of $79.17.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company 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%. ZoomInfo Technologies's quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts forecast that ZoomInfo Technologies will post 0.45 EPS for the current fiscal year.
Insider Transactions at ZoomInfo Technologies
In other news, CFO Peter Cameron Hyzer sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $43.70, for a total value of $218,500.00. Following the transaction, the chief financial officer now owns 1,142,531 shares in the company, valued at $49,928,604.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Carlyle Group Inc. sold 181,938 shares of ZoomInfo Technologies stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $46.26, for a total value of $8,416,451.88. Following the sale, the insider now owns 40,897,624 shares in the company, valued at $1,891,924,086.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter Cameron Hyzer sold 5,000 shares of ZoomInfo Technologies stock in a transaction on Friday, September 9th. The shares were sold at an average price of $43.70, for a total transaction of $218,500.00. Following the completion of the sale, the chief financial officer now owns 1,142,531 shares in the company, valued at approximately $49,928,604.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 576,663 shares of company stock worth $27,752,445. Insiders own 9.70% of the company's stock.
Institutional Trading of ZoomInfo Technologies
Several large investors have recently added to or reduced their stakes in ZI. Swiss National Bank boosted its holdings in shares of ZoomInfo Technologies by 43.1% during the 1st quarter. Swiss National Bank now owns 1,222,468 shares of the company's stock valued at $73,030,000 after buying an additional 368,100 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of ZoomInfo Technologies by 46.2% during the 1st quarter. IFM Investors Pty Ltd now owns 40,360 shares of the company's stock valued at $2,411,000 after buying an additional 12,748 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of ZoomInfo Technologies by 19.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 237,864 shares of the company's stock worth $15,271,000 after purchasing an additional 39,464 shares during the last quarter. California Public Employees Retirement System purchased a new position in shares of ZoomInfo Technologies in the 1st quarter worth about $5,750,000. Finally, Goldman Sachs Group Inc. raised its position in shares of ZoomInfo Technologies by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,611,247 shares of the company's stock worth $103,442,000 after purchasing an additional 492,275 shares during the last quarter. Institutional investors own 91.42% of the company's stock.
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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