Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $12.77

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus recommendation of “Reduce” from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.72.

Several analysts have issued reports on ZI shares. Barclays raised their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Scotiabank assumed coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Mizuho lifted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Citigroup upped their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday, November 14th.

Insider Transactions at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the period. Pacer Advisors Inc. grew its holdings in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the period. State Street Corp increased its stake in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Marshall Wace LLP acquired a new stake in ZoomInfo Technologies in the second quarter worth $73,435,000. Finally, Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies during the third quarter worth $44,248,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 1.5 %

Shares of ZoomInfo Technologies stock opened at $10.48 on Friday. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $18.69. The company’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.67. The company 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. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.