Stifel Nicolaus Trims ZoomInfo Technologies (NASDAQ:ZI) Target Price to $16.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective decreased by Stifel Nicolaus from $20.00 to $16.00 in a research note published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

ZI has been the topic of a number of other reports. Piper Sandler dropped their target price on shares of ZoomInfo Technologies from $15.00 to $14.00 and set a neutral rating on the stock in a report on Friday, July 12th. Wells Fargo & Company reduced their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating for the company in a research note on Friday, June 21st. UBS Group dropped their price target on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley reduced their price objective on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. Finally, KeyCorp cut their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an overweight rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies has an average rating of Hold and a consensus price target of $18.67.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $11.31 on Tuesday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 2.80 and a beta of 1.06. ZoomInfo Technologies has a 52-week low of $10.83 and a 52-week high of $26.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $14.62.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The firm had revenue of $310.10 million for the quarter, compared to analysts’ expectations of $308.84 million. Analysts anticipate that ZoomInfo Technologies will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now directly owns 1,279,023 shares in the company, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 5,862 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,974 shares of company stock worth $298,154. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZI. Fifth Third Bancorp increased its position in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the period. J.Safra Asset Management Corp lifted its holdings in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the period. GAMMA Investing LLC bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $43,000. Covestor Ltd grew its position in shares of ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the last quarter. 95.47% of the stock is currently 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.