ZoomInfo Technologies (NASDAQ:ZI) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a report issued on Wednesday morning,Benzinga reports. They currently have a $15.00 price objective on the stock.

Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup increased their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $10.00 to $11.00 in a research report on Wednesday. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average target price of $11.88.

ZoomInfo Technologies Trading Up 23.1 %

NASDAQ:ZI opened at $11.73 on Wednesday. The company has a market capitalization of $4.03 billion, a P/E ratio of 391.13, a PEG ratio of 13.05 and a beta of 1.01. The firm has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.33. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $17.45. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

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

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the stock in a transaction 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 completion of the sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of the business. Principal Street Partners LLC grew its holdings in shares of ZoomInfo Technologies by 0.6% during the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock valued at $10,263,000 after purchasing an additional 6,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ZoomInfo Technologies by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company’s stock worth $9,844,000 after purchasing an additional 139,629 shares during the period. Woodline Partners LP acquired a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $308,000. Sone Capital Management LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at $2,331,000. Finally, Two Sigma Advisers LP lifted its position in shares of ZoomInfo Technologies by 8.4% during the 4th quarter. Two Sigma Advisers LP now owns 602,000 shares of the company’s stock valued at $6,327,000 after acquiring an additional 46,500 shares during the period. 95.47% of the stock is owned by institutional investors.

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.