ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Barclays Analyst Says

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its target price increased by Barclays from $9.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on ZI. Morgan Stanley lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, February 26th. Citigroup increased their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Canaccord Genuity Group increased their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Trading Up 1.4%

Shares of ZI stock traded up $0.14 on Tuesday, hitting $10.20. The stock had a trading volume of 5,016,563 shares, compared to its average volume of 7,252,200. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. The company has a fifty day moving average price of $9.25 and a two-hundred day moving average price of $10.16. The firm has a market cap of $3.49 billion, a P/E ratio of 340.11, a PEG ratio of 13.05 and a beta of 1.02.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company's stock valued at $3,534,000 after acquiring an additional 208,015 shares during the last quarter. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after acquiring an additional 1,160 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock valued at $64,000 after acquiring an additional 4,735 shares during the last quarter. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in ZoomInfo Technologies by 10,586.7% in the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock valued at $215,000 after acquiring an additional 20,644 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

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.