ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $80.00 by Analysts at Credit Suisse Group

ZoomInfo Technologies (NASDAQ:ZIGet Rating) had its target price reduced by Credit Suisse Group from $100.00 to $80.00 in a report released on Tuesday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. Barclays decreased their target price on ZoomInfo Technologies from $64.00 to $50.00 and set an overweight rating for the company in a report on Monday, July 18th. UBS Group decreased their target price on ZoomInfo Technologies from $67.00 to $50.00 and set a maintains rating for the company in a report on Friday, July 22nd. TheStreet cut ZoomInfo Technologies from a c- rating to a d rating in a research note on Thursday, May 19th. Piper Sandler upped their price target on ZoomInfo Technologies from $50.00 to $54.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on ZoomInfo Technologies from $81.00 to $66.00 and set an overweight rating on the stock in a research note on Thursday, July 14th. Eighteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of Buy and an average price target of $70.53.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $41.97 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.60. The company has a market cap of $16.93 billion, a PE ratio of 149.89, a P/E/G ratio of 2.32 and a beta of 1.62. The business has a 50 day moving average of $36.84 and a 200 day moving average of $46.54. ZoomInfo Technologies has a 52 week low of $30.31 and a 52 week high of $79.17.

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

Insider Transactions at ZoomInfo Technologies

In other news, 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 value of $6,089,715.96. Following the sale, the chief executive officer now directly 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 SEC, which is available at this hyperlink. In related news, COO Joseph Christopher Hays sold 57,213 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $43.33, for a total transaction of $2,479,039.29. Following the sale, the chief operating officer now directly owns 681,825 shares of the company’s stock, valued at $29,543,477.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $42.36, for a total value of $6,089,715.96. Following the sale, the chief executive officer now directly owns 15,288,001 shares in the company, valued at $647,599,722.36. The disclosure for this sale can be found here. Over the last three months, insiders have 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

Institutional investors have recently modified their holdings of the business. SJS Investment Consulting Inc. purchased a new stake in shares of ZoomInfo Technologies during the first quarter valued at $29,000. Robeco Institutional Asset Management B.V. bought a new position in ZoomInfo Technologies in the first quarter valued at about $60,000. Prospera Financial Services Inc bought a new position in ZoomInfo Technologies in the first quarter valued at about $60,000. Cornerstone Advisory LLC bought a new position in ZoomInfo Technologies in the fourth quarter valued at about $64,000. Finally, Exane Derivatives bought a new position in ZoomInfo Technologies in the first quarter valued at about $67,000. 82.92% of the stock is owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

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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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