ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.77 Average PT from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average rating of “Reduce” from the twenty-two brokerages that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.72.

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Piper Sandler reissued an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday. Finally, Barclays upped their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th.

ZoomInfo Technologies Stock Down 1.5 %

Shares of NASDAQ ZI opened at $10.48 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $18.69. The stock’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $10.67. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 349.45, a PEG ratio of 13.58 and a beta of 1.01.

Insider Buying and Selling at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck purchased 492,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were purchased 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 represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in 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 acquiring an additional 2,275 shares during the period. KBC Group NV lifted its position in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the 3rd quarter worth $31,000. Finally, Envestnet Asset Management Inc. boosted its holdings in ZoomInfo Technologies by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company’s stock valued at $3,518,000 after acquiring an additional 3,023 shares during the period. 95.47% of the stock is currently 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.