ZoomInfo Technologies (NASDAQ:ZI) Rating Lowered to “Underweight” at KeyCorp

KeyCorp downgraded shares of ZoomInfo Technologies (NASDAQ:ZI) from a sector weight rating to an underweight rating in a research report sent to investors on Friday, Marketbeat.com reports.

A number of other research firms have also recently commented on ZI. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Mizuho lifted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Scotiabank began coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $12.77.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.40 on Friday. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 346.78, a PEG ratio of 13.58 and a beta of 1.02. The stock has a fifty day moving average of $10.75 and a two-hundred day moving average of $10.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Buying and Selling

In other news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated 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. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm’s 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 sale, the director now 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 disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $37,000. GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after buying an additional 2,635 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of ZoomInfo Technologies during the second quarter worth approximately $123,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

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.