ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Rating of “Reduce” by Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus recommendation of “Reduce” from the twenty-two brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.57.

ZI has been the topic of several analyst reports. Piper Sandler reissued an “underweight” rating and issued a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Citigroup upped their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday, November 14th. Finally, Barclays raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its stake in ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. Versor Investments LP acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth about $516,000. XTX Topco Ltd acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth about $895,000. State Street Corp lifted its holdings in shares of ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $720,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $9.61 on Friday. The firm has a market capitalization of $3.30 billion, a PE ratio of 320.44, a PEG ratio of 13.58 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $18.69. The business’s 50 day moving average is $10.86 and its 200-day moving average is $10.64.

ZoomInfo Technologies Company Profile

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.