The Goldman Sachs Group Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $54.00

ZoomInfo Technologies logoZoomInfo Technologies (NASDAQ:ZI – Get Rating) had its price objective dropped by equities researchers at The Goldman Sachs Group from $62.00 to $54.00 in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 84.43% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Canaccord Genuity Group reduced their price target on shares of ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday. Mizuho reduced their price target on shares of ZoomInfo Technologies from $65.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group reduced their price target on shares of ZoomInfo Technologies from $53.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Bank of America reduced their price target on shares of ZoomInfo Technologies from $64.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Fifteen analysts have rated the stock with a buy rating, According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Buy” and a consensus target price of $54.71.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $29.28 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $42.87 and a 200 day simple moving average of $42.06. The company has a market cap of $11.81 billion, a P/E ratio of 63.65, a P/E/G ratio of 2.77 and a beta of 1.29. ZoomInfo Technologies has a 1 year low of $27.93 and a 1 year high of $79.17.

Insider Buying and Selling

Want More Great Investing Ideas?

In related news, major shareholder Carlyle Group Inc. sold 181,938 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $46.26, for a total transaction of $8,416,451.88. Following the completion of the sale, the insider now owns 40,897,624 shares in the company, valued at approximately $1,891,924,086.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ZoomInfo Technologies news, major shareholder Carlyle Group Inc. sold 181,938 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $46.26, for a total value of $8,416,451.88. Following the completion of the sale, the insider now owns 40,897,624 shares in the company, valued at approximately $1,891,924,086.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Subsidiary Holdings LLC Cg sold 167,755 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $50.85, for a total transaction of $8,530,341.75. Following the completion of the sale, the insider now owns 40,307,862 shares of the company’s stock, valued at approximately $2,049,654,782.70. The disclosure for this sale can be found here. Insiders sold 553,352 shares of company stock worth $26,630,172 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of ZoomInfo Technologies by 71.7% in the 2nd quarter. State Street Corp now owns 5,874,049 shares of the company’s stock valued at $195,253,000 after purchasing an additional 2,453,367 shares during the last quarter. Dragoneer Investment Group LLC boosted its stake in shares of ZoomInfo Technologies by 134.2% in the 1st quarter. Dragoneer Investment Group LLC now owns 3,943,215 shares of the company’s stock valued at $235,568,000 after purchasing an additional 2,259,831 shares during the last quarter. Capital World Investors boosted its stake in shares of ZoomInfo Technologies by 7.1% in the 1st quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock valued at $1,685,604,000 after purchasing an additional 1,872.595 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of ZoomInfo Technologies by 33.5% in the 1st quarter. Jennison Associates LLC now owns 7,462,240 shares of the company’s stock valued at $445,794,000 after purchasing an additional 1,871,380 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of ZoomInfo Technologies by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock valued at $1,378,944,000 after purchasing an additional 1,717,608 shares during the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.

ZoomInfo Technologies Company Profile

(Get Rating)

ZoomInfo Technologies Inc, through 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 on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive leads 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.

Further Reading

Analyst Recommendations for ZoomInfo Technologies (NASDAQ:ZI)

Receive News & Ratings for ZoomInfo Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ZoomInfo Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.