ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given a consensus rating of “Buy” by the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $83.39.
A number of research analysts have commented on ZI shares. Raymond James increased their price objective on ZoomInfo Technologies from $70.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, November 2nd. Mizuho increased their price target on ZoomInfo Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Truist raised their price objective on ZoomInfo Technologies from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 2nd. Piper Sandler raised their price objective on ZoomInfo Technologies from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 2nd. Finally, Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 26th.
NASDAQ ZI opened at $64.73 on Friday. The firm has a market cap of $25.36 billion, a PE ratio of 1,079.01, a price-to-earnings-growth ratio of 4.73 and a beta of 1.25. ZoomInfo Technologies has a one year low of $37.86 and a one year high of $79.17. The stock’s 50 day simple moving average is $67.79 and its 200 day simple moving average is $62.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 1.00.
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ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Sunday, October 31st. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $197.60 million for the quarter, compared to analyst estimates of $183.77 million. ZoomInfo Technologies had a positive return on equity of 9.58% and a negative net margin of 0.39%. ZoomInfo Technologies’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. As a group, equities analysts expect that ZoomInfo Technologies will post 0.36 earnings per share for the current year.
In other news, Director Todd Crockett sold 1,612,547 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $70.15, for a total value of $113,120,172.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Enright sold 555 shares of ZoomInfo Technologies stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $74.92, for a total transaction of $41,580.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,063,198 shares of company stock valued at $1,245,355,829. Corporate insiders own 24.77% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in ZoomInfo Technologies by 7,566.7% during the third quarter. First Horizon Advisors Inc. now owns 230 shares of the company’s stock valued at $50,000 after purchasing an additional 227 shares in the last quarter. Truvestments Capital LLC acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $55,000. Atticus Wealth Management LLC acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $75,000. Captrust Financial Advisors acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $110,000. Finally, Asset Management One Co. Ltd. acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $110,000. Institutional investors own 56.99% of the company’s stock.
About ZoomInfo Technologies
ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company’s platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.
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