ZoomInfo Technologies’ (ZI) “Underweight” Rating Reiterated at Piper Sandler

Piper Sandler reissued their underweight rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a report issued on Monday, MarketBeat Ratings reports. They currently have a $10.00 price objective on the stock, down from their previous price objective of $11.00.

Several other equities research analysts have also issued reports on the stock. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Barclays raised their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Scotiabank began coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Finally, Citigroup raised their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.57.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $9.61 on Monday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 320.44, a PEG ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $18.69. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $10.64.

Insider Transactions at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction on 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 approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Institutional investors have recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter worth $37,000. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after acquiring an additional 2,134 shares during the last quarter. KBC Group NV lifted its holdings in ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares during the period. Finally, American Trust bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $104,000. 95.47% of the stock is currently owned by hedge funds and other 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.