ZoomInfo Technologies (NASDAQ:ZI) Lowered to Underweight Rating by KeyCorp

ZoomInfo Technologies (NASDAQ:ZI) was downgraded by equities researchers at KeyCorp from a “sector weight” rating to an “underweight” rating in a note issued to investors on Friday,Finviz reports.

Several other equities research analysts have also issued reports on ZI. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Mizuho raised their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.77.

ZoomInfo Technologies Trading Down 1.5 %

Shares of NASDAQ ZI opened at $10.61 on Friday. 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 one year low of $7.65 and a one year high of $19.39. The business has a 50-day moving average price of $10.74 and a two-hundred day moving average price of $10.88. The firm has a market capitalization of $3.64 billion, a PE ratio of 353.78, a PEG ratio of 14.07 and a beta of 1.02.

Insiders Place Their Bets

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

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ZI. Victory Capital Management Inc. lifted its position in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after acquiring an additional 74,455 shares in the last quarter. Versor Investments LP bought a new position in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $516,000. Pacer Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of ZoomInfo Technologies by 22.8% in the second quarter. Hsbc Holdings PLC now owns 556,425 shares of the company’s stock worth $7,054,000 after purchasing an additional 103,324 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its holdings in ZoomInfo Technologies by 17.3% during the third quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company’s stock worth $3,618,000 after purchasing an additional 51,683 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.