Barclays Issues Positive Forecast for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its price target increased by Barclays from $9.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 7.90% from the company's previous close.

Other equities analysts have also issued research reports about the company. Scotiabank lifted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lowered their target price on ZoomInfo Technologies from $12.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $10.50.

ZoomInfo Technologies Stock Performance

ZI traded up $0.85 during trading on Tuesday, hitting $10.20. The stock had a trading volume of 15,681,274 shares, compared to its average volume of 7,224,207. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50 day moving average price of $9.34 and a 200-day moving average price of $10.18. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $13.67. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 339.95, a P/E/G ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. As a group, research analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently modified their holdings of ZI. UMB Bank n.a. boosted its position in ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after acquiring an additional 1,889 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares during the period. Finally, US Bancorp DE increased its holdings in ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after purchasing an additional 2,092 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

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.

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