ZoomInfo Technologies (NASDAQ:ZI) Given New $11.00 Price Target at Piper Sandler

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its price target boosted by Piper Sandler from $8.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's price objective points to a potential upside of 9.34% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reduced their target price on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Canaccord Genuity Group lifted their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Citigroup lifted their price objective on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective 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. Finally, Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a "buy" rating 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.17 during trading hours on Tuesday, reaching $10.06. The company had a trading volume of 5,009,529 shares, compared to its average volume of 7,243,271. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a fifty day moving average of $9.27 and a 200-day moving average of $10.17. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 335.45, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.65.

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

Institutional Trading of ZoomInfo Technologies

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after buying an additional 1,160 shares during the last quarter. Xponance Inc. lifted its holdings in shares of ZoomInfo Technologies by 3.5% in the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after purchasing an additional 1,226 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of ZoomInfo Technologies by 47.8% in 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 during the last quarter. UMB Bank n.a. lifted its holdings in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after purchasing an additional 1,889 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of ZoomInfo Technologies by 32.9% in the 1st quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after purchasing an additional 2,092 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other 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.