Barclays Boosts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target lifted by Barclays from $9.00 to $11.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho lowered their price target on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. DA Davidson lowered their price target on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus lifted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.63.

ZoomInfo Technologies Trading Up 9.0%

Shares of NASDAQ:ZI opened at $10.20 on Tuesday. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $9.32 and its 200 day simple moving average is $10.18. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 339.95, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $305.70 million for the quarter, compared to analyst estimates of $295.60 million. During the same period last year, the business posted $0.26 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group boosted its holdings in ZoomInfo Technologies by 180.5% in the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock valued at $51,000 after purchasing an additional 3,306 shares during the period. Versor Investments LP boosted its holdings in ZoomInfo Technologies by 677.3% in the 1st quarter. Versor Investments LP now owns 104,159 shares of the company’s stock valued at $1,042,000 after purchasing an additional 90,759 shares during the period. Fox Run Management L.L.C. bought a new stake in ZoomInfo Technologies in the 1st quarter valued at about $636,000. Vestmark Advisory Solutions Inc. boosted its holdings in ZoomInfo Technologies by 53.4% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 23,998 shares of the company’s stock valued at $240,000 after purchasing an additional 8,351 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in ZoomInfo Technologies by 0.4% in the 1st quarter. HighTower Advisors LLC now owns 977,421 shares of the company’s stock valued at $9,774,000 after purchasing an additional 3,475 shares during the period. 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.