ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus … – MarketBeat
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Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) have earned an average rating of “Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Sixteen research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $48.76.
A number of equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of ZoomInfo Technologies from $60.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 7th. Credit Suisse Group decreased their target price on shares of ZoomInfo Technologies from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. Bank of America decreased their price objective on shares of ZoomInfo Technologies from $64.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Daiwa Capital Markets initiated coverage on shares of ZoomInfo Technologies in a report on Wednesday, September 28th. They set a “buy” rating and a $66.00 price objective for the company. Finally, Canaccord Genuity Group reduced their target price on shares of ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd.
Insider Buying and Selling
In related news, CFO Peter Cameron Hyzer sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $43.39, for a total value of $216,950.00. Following the completion of the transaction, the chief financial officer now directly owns 1,137,531 shares of the company’s stock, valued at $49,357,470.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Peter Cameron Hyzer sold 5,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $43.39, for a total value of $216,950.00. Following the completion of the sale, the chief financial officer now directly owns 1,137,531 shares of the company’s stock, valued at $49,357,470.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph Christopher Hays sold 17,797 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $41.97, for a total value of $746,940.09. Following the completion of the sale, the chief operating officer now directly owns 577,329 shares of the company’s stock, valued at $24,230,498.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,797 shares of company stock worth $1,582,640. Company insiders own 9.70% of the company’s stock.
Institutional Investors Weigh In On ZoomInfo Technologies
Hedge funds have recently modified their holdings of the stock. Capital World Investors raised its position in ZoomInfo Technologies by 7.1% in the first quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock worth $1,685,604,000 after acquiring an additional 1,872,595 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ZoomInfo Technologies by 11.2% in the third quarter. Vanguard Group Inc. now owns 28,188,768 shares of the company’s stock valued at $1,174,345,000 after buying an additional 2,843,150 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of ZoomInfo Technologies by 5.7% in the first quarter. Allianz Asset Management GmbH now owns 15,119,963 shares of the company’s stock valued at $903,267,000 after buying an additional 819,402 shares in the last quarter. BlackRock Inc. increased its position in shares of ZoomInfo Technologies by 4.0% in the first quarter. BlackRock Inc. now owns 14,658,212 shares of the company’s stock valued at $875,683,000 after buying an additional 563,686 shares in the last quarter. Finally, Dragoneer Investment Group LLC increased its position in shares of ZoomInfo Technologies by 19.0% in the third quarter. Dragoneer Investment Group LLC now owns 11,077,969 shares of the company’s stock valued at $461,508,000 after buying an additional 1,765,764 shares in the last quarter. 91.42% of the stock is owned by institutional investors and hedge funds.
ZoomInfo Technologies Trading Down 4.5 %
ZI opened at $29.94 on Friday. ZoomInfo Technologies has a twelve month low of $23.29 and a twelve month high of $67.88. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $34.54 and a 200-day moving average of $38.76. The stock has a market cap of $12.09 billion, a PE ratio of 65.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last issued its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). ZoomInfo Technologies had a return on equity of 7.92% and a net margin of 18.15%. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $277.90 million. On average, sell-side analysts predict that ZoomInfo Technologies will post 0.46 EPS for the current year.
ZoomInfo Technologies Company Profile
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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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