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

ZoomInfo Technologies (NASDAQ:ZI) had its price target increased by equities researchers at Wells Fargo & Company from $11.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 0.08% from the company’s previous close.

Other analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Finally, Citigroup upped their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Five investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.92.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $12.01 on Wednesday. The stock’s 50 day simple moving average is $10.28 and its 200-day simple moving average is $10.34. The company has a market cap of $4.12 billion, a PE ratio of 400.47, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $17.14.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, equities research analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Insider Transactions at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The sale 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 ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies during the fourth quarter valued at about $116,622,000. Deutsche Bank AG boosted its position in shares of ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after purchasing an additional 10,181,253 shares in the last quarter. FMR LLC grew its position in ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at $48,336,000. Finally, Maverick Capital Ltd. purchased a new stake in ZoomInfo Technologies during the third quarter valued at about $44,248,000. Institutional investors own 95.47% of the company’s stock.

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.