ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) had its target price cut by research analysts at Piper Sandler from $30.00 to $26.00 in a note issued to investors on Tuesday, FlyOnTheWall reports. Piper Sandler’s target price would indicate a potential upside of 1.68% from the stock’s previous close.
A number of other equities research analysts have also recently commented on ZI. JPMorgan Chase & Co. dropped their price objective on shares of ZoomInfo Technologies from $34.00 to $31.00 in a research note on Monday, May 1st. Stifel Nicolaus dropped their target price on shares of ZoomInfo Technologies from $34.00 to $30.00 in a report on Tuesday, May 2nd. Raymond James lowered their price target on shares of ZoomInfo Technologies from $33.00 to $28.00 in a research report on Tuesday, May 2nd. Bank of America lowered their price target on shares of ZoomInfo Technologies from $30.00 to $28.00 in a research report on Tuesday. Finally, Needham & Company LLC began coverage on shares of ZoomInfo Technologies in a research report on Wednesday, June 28th. They issued a “buy” rating and a $35.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.65.
ZoomInfo Technologies Price Performance
Shares of NASDAQ:ZI opened at $25.57 on Tuesday. ZoomInfo Technologies has a 1-year low of $20.33 and a 1-year high of $51.86. The firm’s 50 day simple moving average is $25.99 and its two-hundred day simple moving average is $24.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $10.29 billion, a P/E ratio of 102.28, a P/E/G ratio of 2.21 and a beta of 0.93.
Insider Buying and Selling at ZoomInfo Technologies
In related news, CFO Peter Cameron Hyzer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $22.09, for a total transaction of $220,900.00. Following the transaction, the chief financial officer now owns 1,177,455 shares of the company’s stock, valued at $26,009,980.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Joseph Christopher Hays sold 30,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $26.49, for a total transaction of $794,700.00. Following the sale, the chief operating officer now owns 551,456 shares in the company, valued at $14,608,069.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter Cameron Hyzer sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $22.09, for a total transaction of $220,900.00. Following the completion of the transaction, the chief financial officer now owns 1,177,455 shares of the company’s stock, valued at $26,009,980.95. The disclosure for this sale can be found here. Insiders have sold a total of 2,090,000 shares of company stock worth $55,325,700 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.
Institutional Investors Weigh In On ZoomInfo Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CI Investments Inc. grew its position in ZoomInfo Technologies by 123.2% in the 4th quarter. CI Investments Inc. now owns 819 shares of the company’s stock worth $25,000 after purchasing an additional 452 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $35,000. Parallel Advisors LLC grew its holdings in ZoomInfo Technologies by 84.5% during the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock valued at $36,000 after purchasing an additional 549 shares during the period. Advisory Services Network LLC lifted its stake in ZoomInfo Technologies by 222.2% in the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in ZoomInfo Technologies in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.
ZoomInfo Technologies Company Profile
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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