ZoomInfo Technologies (NASDAQ:ZI) Hits New 1-Year Low of $11.34

ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Free Report ) reached a new 52-week low on Friday. The stock traded as low as $11.34 and was last traded at $11.40, with volume of 1,494,697 shares traded. The stock previously closed at $11.52.

Analysts set new price targets

ZI has been the subject of a number of recent research reports. KeyCorp lowered their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the company in a report on Wednesday, May 8th. Canaccord Genuity Group lowered their price target on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the company in a research note on Wednesday, May 8th. UBS Group lowered their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Mizuho lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price target on the stock from $23.00 to $14.00 in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company lowered their price target on ZoomInfo Technologies from $21.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, and eleven have given the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.86.

Read our latest stock analysis on ZoomInfo Technologies

ZoomInfo Technologies Stock Return

The company has a 50-day simple moving average of $12.38 and a 200-day simple moving average of $14.75. The company has a market cap of $4.28 billion, a price to earnings ratio of 57.25, a price to earnings growth ratio of 2.75, and a beta of 1.06. The company has a debt to equity ratio of 0.61, a current ratio of 1.11, and a quick ratio of 1.11.

ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last released its quarterly earnings results on Tuesday, May 7. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $310.10 million for the quarter, compared to the consensus estimate of $308.84 million. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. Research analysts expect ZoomInfo Technologies Inc. to post 0.69 earnings per share for the current year.

Insider buying and selling

In other news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction on Thursday, June 13. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the Director now directly owns 17,622 shares of the company’s stock, valued at $225,209.16. The sale was disclosed in a legal filing with the SEC, which is available via the SEC website. In related news, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction that occurred on Tuesday, June 4. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the transaction, the Chief Technology Officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the Director now directly owns 17,622 shares of the company’s stock, valued at approximately $225,209.16. The disclosure for this sale can be found here. Insiders have sold a total of 23,974 shares of the company’s stock in the last 90 days, worth $298,154. 8.10% of the shares are held by company insiders.

Institutional investors share their views on ZoomInfo Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 64.2% in the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after purchasing an additional 646 shares during the period. J.Safra Asset Management Corp increased its stake in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares during the period. GAMMA Investing LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $43,000. Covestor Ltd increased its stake in shares of ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after purchasing an additional 2,939 shares during the last quarter. 95.47% of the shares are currently held by institutional investors and hedge funds.

About ZoomInfo Technologies

(Get free report)

ZoomInfo Technologies Inc., together with its subsidiaries, provides a 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 about organizations and professionals to help users identify target customers and decision makers, obtain continuously updated predictive lead and company scores, monitor buying signals and other characteristics of target companies, craft messages, engage with automated sales tools, and track progress through the deal cycle.

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