Piper Sandler Boosts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $54.00

ZoomInfo Technologies (NASDAQ:ZIGet Rating) had its price objective raised by Piper Sandler from $50.00 to $54.00 in a research note issued to investors on Tuesday morning, The Fly reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on ZI. Deutsche Bank Aktiengesellschaft decreased their price target on shares of ZoomInfo Technologies from $80.00 to $75.00 in a research note on Tuesday, May 3rd. Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $85.00 to $75.00 in a report on Tuesday, May 3rd. TheStreet lowered shares of ZoomInfo Technologies from a c- rating to a d rating in a report on Thursday, May 19th. Morgan Stanley cut their price objective on shares of ZoomInfo Technologies from $81.00 to $66.00 and set an overweight rating on the stock in a report on Thursday, July 14th. Finally, Raymond James cut their price objective on shares of ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday, May 3rd. Eighteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of $69.89.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $47.73 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $37.33 and a 200-day moving average of $46.48. The firm has a market cap of $19.25 billion, a P/E ratio of 176.78, a P/E/G ratio of 2.68 and a beta of 1.62. ZoomInfo Technologies has a 1-year low of $30.31 and a 1-year high of $79.17.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last posted 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. ZoomInfo Technologies had a net margin of 13.61% and a return on equity of 7.16%. The company had revenue of $267.10 million during the quarter, compared to analysts’ expectations of $254.45 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. ZoomInfo Technologies’s revenue for the quarter was up 53.5% compared to the same quarter last year. Sell-side analysts expect that ZoomInfo Technologies will post 0.48 EPS for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total transaction of $668,637.04. Following the sale, the insider now directly owns 41,656,293 shares in the company, valued at approximately $1,875,366,310.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Joseph Christopher Hays sold 45,701 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $44.01, for a total transaction of $2,011,301.01. Following the completion of the transaction, the chief operating officer now owns 622,651 shares in the company, valued at $27,402,870.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total value of $668,637.04. Following the completion of the transaction, the insider now owns 41,656,293 shares of the company’s stock, valued at approximately $1,875,366,310.86. The disclosure for this sale can be found here. Insiders sold 310,346 shares of company stock valued at $13,303,170 in the last 90 days. Insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. purchased a new position in ZoomInfo Technologies in the 1st quarter valued at approximately $29,000. Robeco Institutional Asset Management B.V. acquired a new position in ZoomInfo Technologies in the first quarter valued at $60,000. Prospera Financial Services Inc acquired a new position in ZoomInfo Technologies during the first quarter worth about $60,000. Cornerstone Advisory LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $64,000. Finally, Exane Derivatives purchased a new stake in shares of ZoomInfo Technologies in the first quarter valued at about $67,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.

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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