ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.72.

ZI has been the subject of several analyst reports. Stifel Nicolaus cut their price target on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.37 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 345.78, a price-to-earnings-growth ratio of 5.64 and a beta of 1.03. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The business has a fifty day moving average of $10.55 and a 200-day moving average of $11.14.

Insider Activity

In other news, CEO Henry Schuck acquired 492,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in shares of ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after acquiring an additional 1,547 shares during the period. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares during the period. State of Alaska Department of Revenue raised its stake in shares of ZoomInfo Technologies by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after buying an additional 2,388 shares during the period. Finally, KBC Group NV boosted its stake in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after buying an additional 2,635 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides 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 lead 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.