ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

ZoomInfo Technologies (NASDAQ:ZI) had its price target upped by Wells Fargo & Company from $8.00 to $10.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, February 26th. Barclays lifted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday. Scotiabank lifted their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Finally, Mizuho lowered their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.63.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.20 on Tuesday. 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 one year low of $7.01 and a one year high of $13.67. The company has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $10.18. The firm has a market capitalization of $3.49 billion, a PE ratio of 339.95, a price-to-earnings-growth 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $295.60 million. During the same period last year, the business posted $0.26 earnings per share. ZoomInfo Technologies’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of ZoomInfo Technologies by 154.7% in the 3rd quarter. Barclays PLC now owns 342,495 shares of the company’s stock worth $3,534,000 after buying an additional 208,015 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of ZoomInfo Technologies by 10,586.7% in the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock worth $215,000 after buying an additional 20,644 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.