ZoomInfo Technologies (ZI) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for ZoomInfo Technologies (NASDAQ: ZI):

  • 1/20/2023 – ZoomInfo Technologies had its price target lowered by analysts at UBS Group AG from $37.00 to $34.00.
  • 1/10/2023 – ZoomInfo Technologies had its price target lowered by analysts at Barclays PLC from $46.00 to $36.00. They now have an “overweight” rating on the stock.
  • 1/10/2023 – ZoomInfo Technologies was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a $28.00 price target on the stock, down previously from $65.00.
  • 1/9/2023 – ZoomInfo Technologies had its price target lowered by analysts at Piper Sandler from $50.00 to $32.00. They now have an “overweight” rating on the stock.
  • 1/6/2023 – ZoomInfo Technologies had its price target lowered by analysts at Wells Fargo & Company from $60.00 to $50.00. They now have an “overweight” rating on the stock.
  • 1/4/2023 – ZoomInfo Technologies was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $34.00 price target on the stock, down previously from $35.00.
  • 12/8/2022 – ZoomInfo Technologies had its price target lowered by analysts at Mizuho from $50.00 to $45.00. They now have a “buy” rating on the stock.
  • 12/7/2022 – ZoomInfo Technologies had its price target lowered by analysts at Morgan Stanley from $60.00 to $38.00. They now have an “overweight” rating on the stock.
  • 12/7/2022 – ZoomInfo Technologies had its price target lowered by analysts at Canaccord Genuity Group Inc. from $48.00 to $43.00. They now have a “buy” rating on the stock.

ZoomInfo Technologies Trading Down 3.9 %

Shares of NASDAQ ZI traded down $1.05 during trading hours on Wednesday, hitting $25.68. 1,325,138 shares of the company traded hands, compared to its average volume of 5,819,090. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average price is $28.02 and its 200 day moving average price is $37.13. ZoomInfo Technologies Inc. has a 12 month low of $23.29 and a 12 month high of $61.44.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). ZoomInfo Technologies had a net margin of 18.15% and a return on equity of 7.92%. The business had revenue of $287.60 million during the quarter, compared to the consensus estimate of $277.90 million. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck sold 1,000,000 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $25.54, for a total value of $25,540,000.00. Following the transaction, the chief executive officer now directly owns 13,288,001 shares of the company’s stock, valued at $339,375,545.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in ZoomInfo Technologies in the third quarter valued at $26,000. Private Trust Co. NA acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at about $33,000. Dupont Capital Management Corp acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $38,000. Truvestments Capital LLC acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at about $47,000. Finally, CWM LLC increased its position in ZoomInfo Technologies by 261.5% in the 3rd quarter. CWM LLC now owns 1,193 shares of the company’s stock valued at $50,000 after acquiring an additional 863 shares during the period. Hedge funds and other institutional investors own 84.96% of the company’s stock.

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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