ZoomInfo Technologies (NASDAQ:ZI) Shares Gap Down – Time to Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.64, but opened at $10.39. ZoomInfo Technologies shares last traded at $10.61, with a volume of 448,697 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Mizuho lifted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Piper Sandler reiterated an “underweight” rating and set a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a research report on Monday. Finally, Citigroup upped their price objective 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. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Stock Performance

The stock’s 50 day moving average price is $10.90 and its 200 day moving average price is $10.68. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $3.64 billion, a P/E ratio of 353.12, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01.

Insider Activity

In related news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Henry Schuck bought 492,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZI. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ZoomInfo Technologies during the third quarter worth $37,000. GAMMA Investing LLC raised its holdings in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the last quarter. KBC Group NV raised its holdings in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after buying an additional 2,635 shares during the last quarter. Finally, American Trust acquired a new position in ZoomInfo Technologies during the third quarter worth $104,000. 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.