ZoomInfo Technologies (NASDAQ:ZI) Trading Up 4.9% – Here’s Why

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded up 4.9% during trading on Tuesday . The stock traded as high as $8.32 and last traded at $8.40. 375,365 shares changed hands during trading, a decline of 95% from the average session volume of 7,250,884 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZI. Canaccord Genuity Group lifted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. DA Davidson decreased their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley boosted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $11.74.

ZoomInfo Technologies Price Performance

The company has a market cap of $2.79 billion, a PE ratio of 272.09, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.39.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. As a group, research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 29.1% in 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. Xponance Inc. raised its stake 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 acquiring an additional 1,226 shares during the period. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. UMB Bank n.a. lifted its stake in ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock worth $34,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in ZoomInfo Technologies by 18.8% during the first quarter. Wedmont Private Capital now owns 14,386 shares of the company’s stock worth $144,000 after purchasing an additional 2,272 shares during the period. Hedge funds and other 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.