ZoomInfo Technologies (NASDAQ:ZI) Given New $70.00 Price Target at Truist Securities


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ZoomInfo Technologies (NASDAQ:ZI) had its target price upped by analysts at Truist Securities from $67.00 to $70.00 in a research note issued on Tuesday, Stock Target Advisor reports. Truist Securities’ price target points to a potential upside of 44.81% from the company’s current price.

Other analysts have also recently issued research reports about the company. Stephens restated a “buy” rating and issued a $60.00 price target on shares of ZoomInfo Technologies in a report on Monday, January 25th. Wolfe Research started coverage on shares of ZoomInfo Technologies in a research report on Wednesday, April 28th. They set an “outperform” rating and a $60.00 price target for the company. Mizuho lifted their price target on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, February 23rd. The Goldman Sachs Group assumed coverage on shares of ZoomInfo Technologies in a research note on Monday, March 29th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Raymond James increased their target price on ZoomInfo Technologies from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, March 1st. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. ZoomInfo Technologies currently has an average rating of “Buy” and a consensus price target of $60.48.

Shares of NASDAQ:ZI traded down $1.57 during trading on Tuesday, reaching $48.34. The stock had a trading volume of 85,525 shares, compared to its average volume of 2,199,222. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.57 and a current ratio of 1.57. The business has a fifty day moving average price of $49.72 and a 200-day moving average price of $47.32. 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 issued its quarterly earnings results on Sunday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $153.30 million during the quarter, compared to analyst estimates of $145.49 million. The company’s revenue was up 50.3% on a year-over-year basis.

In other ZoomInfo Technologies news, CEO Henry Schuck sold 262,665 shares of the business’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $47.81, for a total transaction of $12,558,013.65. Following the sale, the chief executive officer now directly owns 262,665 shares of the company’s stock, valued at approximately $12,558,013.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Todd Crockett sold 1,734,233 shares of ZoomInfo Technologies stock in a transaction on Wednesday, February 3rd. The shares were 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 4,798,274 shares of company stock worth $257,876,057 over the last three months.

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in shares of ZoomInfo Technologies during the second quarter worth approximately $26,000. Ironwood Wealth Management LLC. acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth $29,000. NewSquare Capital LLC purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth $28,000. Physicians Financial Services Inc. purchased a new position in ZoomInfo Technologies in the second quarter valued at about $203,000. Finally, US Bancorp DE acquired a new position in ZoomInfo Technologies in the 2nd quarter worth about $45,000.

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 organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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