ZoomInfo Technologies (NASDAQ:ZI) Given New $63.00 Price Target at The Goldman Sachs Group

ZoomInfo Technologies (NASDAQ:ZIGet Rating) had its price target reduced by The Goldman Sachs Group from $71.00 to $63.00 in a research report report published on Tuesday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has a buy rating on the stock.

ZI has been the subject of several other research reports. Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $85.00 to $75.00 in a research report on Tuesday, May 3rd. Barclays cut their price target on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an overweight rating for the company in a report on Monday, July 18th. Raymond James cut their price target on shares of ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of ZoomInfo Technologies from $80.00 to $75.00 in a report on Tuesday, May 3rd. Finally, UBS Group upped their price target on shares of ZoomInfo Technologies from $50.00 to $53.00 and gave the stock a buy rating in a report on Tuesday. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $70.53.

ZoomInfo Technologies Stock Up 11.2 %

ZI opened at $41.97 on Tuesday. ZoomInfo Technologies has a fifty-two week low of $30.31 and a fifty-two week high of $79.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization 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. The stock has a fifty day moving average of $36.84 and a 200-day moving average of $46.54.

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

Insider Activity

In other news, CEO Henry Schuck sold 143,761 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were 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 $647,599,722.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Joseph Christopher Hays sold 57,213 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $43.33, for a total transaction of $2,479,039.29. Following the completion of the sale, the chief operating officer now directly owns 681,825 shares in the company, valued at $29,543,477.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Henry Schuck sold 143,761 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 15,288,001 shares of the company’s stock, valued at $647,599,722.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,238 shares of company stock valued at $10,598,256. Insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of large investors have recently bought and sold shares of ZI. Capital World Investors grew its holdings in ZoomInfo Technologies by 27.5% in the fourth quarter. Capital World Investors now owns 26,343,070 shares of the company’s stock worth $1,691,225,000 after purchasing an additional 5,679,231 shares during the period. Jennison Associates LLC grew its holdings in ZoomInfo Technologies by 74.4% in the fourth quarter. Jennison Associates LLC now owns 5,590,860 shares of the company’s stock worth $358,933,000 after purchasing an additional 2,384,753 shares during the period. Dragoneer Investment Group LLC grew its holdings in shares of ZoomInfo Technologies by 134.2% during the first quarter. Dragoneer Investment Group LLC now owns 3,943,215 shares of the company’s stock valued at $235,568,000 after buying an additional 2,259,831 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of ZoomInfo Technologies by 80.5% during the fourth quarter. 1832 Asset Management L.P. now owns 4,394,600 shares of the company’s stock valued at $285,348,000 after buying an additional 1,960,382 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of ZoomInfo Technologies by 164.4% during the fourth quarter. State Street Corp now owns 2,865,295 shares of the company’s stock valued at $183,952,000 after buying an additional 1,781,775 shares during the last quarter. 82.92% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

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