ZoomInfo Technologies (NASDAQ:ZI) had its price objective lifted by investment analysts at Barclays from $49.00 to $57.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 11.07% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Mizuho increased their target price on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of ZoomInfo Technologies from $45.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday. Morgan Stanley upgraded shares of ZoomInfo Technologies from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a research report on Thursday, November 19th. Stephens reiterated a “buy” rating and set a $60.00 target price on shares of ZoomInfo Technologies in a research report on Monday, January 25th. Finally, Royal Bank of Canada upgraded shares of ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Thursday, November 5th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.65.
Shares of ZI stock opened at $51.32 on Tuesday. ZoomInfo Technologies has a 52-week low of $30.83 and a 52-week high of $64.40. 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 firm has a fifty day moving average of $50.16 and a 200-day moving average of $43.22.
In other news, major shareholder 22C Capital Gp I, L.L.C sold 1,210,277 shares of the firm’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $43.88, for a total value of $53,106,954.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Nir Keren sold 142,964 shares of the firm’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $40.50, for a total transaction of $5,790,042.00. Following the completion of the transaction, the chief technology officer now directly owns 170,000 shares in the company, valued at approximately $6,885,000. The disclosure for this sale can be found here. Insiders sold a total of 5,249,591 shares of company stock worth $258,463,216 in the last ninety days.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in ZoomInfo Technologies by 21.7% during the 4th quarter. BlackRock Inc. now owns 7,503,412 shares of the company’s stock worth $361,890,000 after acquiring an additional 1,339,941 shares during the last quarter. Morgan Stanley boosted its stake in ZoomInfo Technologies by 78.4% during the 4th quarter. Morgan Stanley now owns 4,913,207 shares of the company’s stock worth $236,963,000 after acquiring an additional 2,159,914 shares during the last quarter. Bamco Inc. NY boosted its stake in ZoomInfo Technologies by 6.0% during the 4th quarter. Bamco Inc. NY now owns 4,215,271 shares of the company’s stock worth $203,303,000 after acquiring an additional 236,899 shares during the last quarter. Allianz Asset Management GmbH bought a new position in ZoomInfo Technologies during the 3rd quarter worth approximately $172,472,000. Finally, Dragoneer Investment Group LLC boosted its stake in ZoomInfo Technologies by 8.0% during the 3rd quarter. Dragoneer Investment Group LLC now owns 3,366,769 shares of the company’s stock worth $144,737,000 after acquiring an additional 250,000 shares during the last quarter.
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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