ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Barclays Analyst Says

ZoomInfo Technologies (NASDAQ:ZI) had its price objective increased by equities research analysts at Barclays from $11.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 8.70% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Piper Sandler upped their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $9.00 in a research note on Tuesday, August 13th. Finally, 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 for the company. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.77.

ZoomInfo Technologies Stock Performance

ZI stock opened at $11.04 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.79 billion, a PE ratio of 368.12, a P/E/G ratio of 14.63 and a beta of 1.02. The business has a 50 day moving average of $10.68 and a 200-day moving average of $10.95. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % 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 bought 492,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZI. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at $31,000. J.Safra Asset Management Corp lifted its stake 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 worth $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the third quarter valued at about $37,000. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of ZoomInfo Technologies in the first quarter worth about $85,000. 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.