Barclays Upgrades ZoomInfo Technologies Stock Forecast

ZoomInfo Technologies (NASDAQ: ZI) received an encouraging update from Barclays, which raised its price target for the company's shares from $11.00 to $12.00 in a recent research note. This adjustment indicates that Barclays believes there is potential for an 8.99% increase based on the stock's previous closing price. The brokerage has assigned an "equal weight" rating to ZoomInfo Technologies, signaling a balanced perspective on the stock's performance.

In addition to Barclays' update, several other financial institutions have expressed varied opinions on ZoomInfo Technologies. For instance, Daiwa Capital Markets lowered its rating from "outperform" to "neutral" and cut its price target significantly from $15.00 to $9.00. Meanwhile, Citigroup increased its target price from $7.00 to $8.50 but maintains a "sell" rating. On a positive note, Needham & Company LLC reaffirmed a "buy" rating with a target price of $15.00. Additionally, Piper Sandler and Mizuho also raised their price targets to $11.00 and $12.00 respectively.

This mix of ratings suggests that the consensus among analysts remains cautious but slightly optimistic, reflecting the diverse views on the company's growth potential. According to MarketBeat data, out of the analysts covering ZoomInfo Technologies, four have rated it as a sell, thirteen have given it a hold rating, and five analysts see it as a buy. The overall consensus rating is "Hold" with an average target price close to $12.77.

Stock Performance of ZoomInfo Technologies

On the trading day following the announcement, ZoomInfo Technologies stock showed a modest increase of 0.4%, trading at $11.01. Trading volume reached 1,707,413 shares, which is below the average volume of 7,093,712 shares. Over the past year, the stock has seen a low of $7.65 and a high of $19.39, with a current market capitalization of approximately $3.78 billion. Its price-to-earnings (P/E) ratio stands at 367.12, while the P/E to growth (P/E/G) ratio is at 14.63, indicating the stock's premium valuation.

Recent Insider Transactions

Insider activity has also been notable, with CEO Henry Schuck buying 492,500 shares valued at over $5 million at a price of $10.25 each. This purchase signals confidence in the company, as Schuck now holds approximately $125.87 million worth of shares. Conversely, Director David Randall Winn sold 290,541 shares at an average price of $11.06, resulting in a notable decrease in his holdings.

Institutional Investment Trends

Looking at institutional investments, there have been significant movements recently. For example, Raleigh Capital Management purchased new shares worth around $31,000 in ZoomInfo Technologies. Other institutions, like J.Safra Asset Management Corp, have increased their stakes by over 900%. Overall, institutional investors currently own about 95.47% of the company's stock.

Company Overview of ZoomInfo Technologies

ZoomInfo Technologies Inc. focuses on providing go-to-market intelligence and engagement platforms designed to support sales and marketing teams. Their services leverage a cloud-based platform that supplies vital information about organizations and professionals, enabling users to identify potential customers, engage effectively, and track outcomes throughout the sales process.

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