ZoomInfo Technologies (NASDAQ:ZI) Given New $54.00 Price Target at Piper Sandler

ZoomInfo Technologies (NASDAQ:ZI – Get Rating) had its price objective hoisted by Piper Sandler from $50.00 to $54.00 in a research note released on Tuesday morning, The Fly reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on ZI. UBS Group decreased their price objective on ZoomInfo Technologies from $67.00 to $50.00 and set a maintains rating on the stock in a report on Friday, July 22nd. Stifel Nicolaus lowered their target price on ZoomInfo Technologies from $85.00 to $75.00 in a report on Tuesday, May 3rd. Barclays decreased their price objective on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an overweight rating for the company in a research note on Monday, July 18th. TheStreet cut shares of ZoomInfo Technologies from a c- rating to a d rating in a report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $80.00 to $75.00 in a report on Tuesday, May 3rd. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $70.53.

ZoomInfo Technologies Trading Up 11.2 %

NASDAQ ZI opened at $41.97 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $36.84 and a two-hundred day simple moving average of $46.54. ZoomInfo Technologies has a 12-month low of $30.31 and a 12-month high of $79.17. The stock has a market cap of $16.93 billion, a P/E ratio of 149.89, a P/E/G ratio of 2.32 and a beta of 1.62.

ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $267.10 million during the quarter, compared to analyst estimates of $254.45 million. ZoomInfo Technologies had a return on equity of 8.46% and a net margin of 14.34%. The company’s revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, analysts forecast that ZoomInfo Technologies will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Henry Schuck sold 143,761 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $42.36, for a total transaction of $6,089,715.96. Following the completion of the transaction, the chief executive officer now owns 15,288,001 shares of the company’s stock, valued at approximately $647,599,722.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other ZoomInfo Technologies news, CEO Henry Schuck sold 143,761 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $42.36, for a total value of $6,089,715.96. Following the completion of the transaction, the chief executive officer now owns 15,288,001 shares of the company’s stock, valued at approximately $647,599,722.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joseph Christopher Hays sold 57,213 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $43.33, for a total value of $2,479,039.29. Following the completion of the transaction, the chief operating officer now directly owns 681,825 shares of the company’s stock, valued at approximately $29,543,477.25. The disclosure for this sale can be found here. Insiders sold a total of 249,238 shares of company stock worth $10,598,256 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D grew its position in ZoomInfo Technologies by 22.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 132,477 shares of the company’s stock worth $8,505,000 after acquiring an additional 24,011 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $2,781,000. Assenagon Asset Management S.A. bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ZoomInfo Technologies by 733.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,704 shares of the company’s stock worth $9,354,000 after acquiring an additional 128,224 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $287,000. 82.92% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Company Profile

(Get Rating)

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.

Further Reading

• Get a free copy of the StockNews.com research report on ZoomInfo Technologies (ZI)
• 3 Health Care Stocks in Great Financial Health
• Amazon Names Itself A Top Stock Of Q3 Contender
• The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
• Are Baidu’s Delisting Fears a Good Entry for New Investors?
• Market Fundamentals Drive Results For The Williams Companies 

Want More Great Investing Ideas?