ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Rating of “Hold” by Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.77.

Several brokerages have issued reports on ZI. Mizuho raised 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. Barclays raised their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday. Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective on the stock. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th.

ZoomInfo Technologies Trading Down 0.7 %

Shares of ZI stock opened at $10.96 on Tuesday. The company has a market cap of $3.76 billion, a PE ratio of 365.46, a price-to-earnings-growth ratio of 14.42 and a beta of 1.02. The stock’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $10.92. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CEO Henry Schuck purchased 492,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Randall Winn sold 290,541 shares of the firm’s 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 transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in ZI. SG Americas Securities LLC acquired a new stake in ZoomInfo Technologies during the 2nd quarter valued at approximately $1,136,000. M&G Plc acquired a new position in ZoomInfo Technologies during the second quarter valued at $9,534,000. J.Safra Asset Management Corp boosted its holdings in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in ZoomInfo Technologies in the second quarter valued at $123,000. Finally, Bank of New York Mellon Corp grew its position in ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after purchasing an additional 223,669 shares during the period. Hedge funds and other institutional investors 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.