Raymond James Increases ZoomInfo Technologies (NASDAQ:ZI) Price Target to $62.00


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ZoomInfo Technologies (NASDAQ:ZI) had its price objective boosted by stock analysts at Raymond James from $56.00 to $62.00 in a research note issued on Tuesday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 13.76% from the company’s current price.

Several other research analysts have also issued reports on ZI. Stephens reissued a “buy” rating and issued a $60.00 price target on shares of ZoomInfo Technologies in a research report on Monday, January 25th. Mizuho increased their price target on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised shares of ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Thursday, November 5th. Credit Suisse Group increased their target price on shares of ZoomInfo Technologies from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Barclays increased their target price on shares of ZoomInfo Technologies from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.71.

NASDAQ:ZI traded up $3.18 during trading hours on Tuesday, hitting $54.50. 32,477 shares of the stock traded hands, compared to its average volume of 2,182,519. The firm has a 50 day moving average price of $50.16 and a 200 day moving average price of $43.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.57 and a quick ratio of 1.57. ZoomInfo Technologies has a fifty-two week low of $30.83 and a fifty-two week high of $64.40.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, February 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $139.70 million for the quarter, compared to the consensus estimate of $130.44 million. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year.

In other ZoomInfo Technologies news, Director David Randall Winn sold 83,260 shares of the stock in a transaction on Friday, December 4th. The stock was sold at an average price of $43.88, for a total value of $3,653,448.80. Following the sale, the director now owns 83,260 shares in the company, valued at $3,653,448.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Todd Crockett sold 1,734,233 shares of the stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $54.03, for a total value of $93,700,608.99. The disclosure for this sale can be found here. Insiders have sold a total of 5,249,591 shares of company stock valued at $258,463,216 in the last ninety days.

Large investors have recently made changes to their positions in the company. NewSquare Capital LLC purchased a new position in ZoomInfo Technologies during the third quarter valued at approximately $28,000. Ironwood Wealth Management LLC. purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at $29,000. Ancora Advisors LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter valued at $48,000. IFP Advisors Inc raised its position in ZoomInfo Technologies by 3,232.5% in the fourth quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock valued at $64,000 after purchasing an additional 1,293 shares during the period. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at $69,000.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.

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