ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Rating of “Hold” from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.77.

Several research analysts have recently issued reports on ZI shares. Daiwa Capital Markets cut shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Piper Sandler lifted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective on the stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $10.96 on Tuesday. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 365.46, a P/E/G ratio of 14.42 and a beta of 1.02. The stock has a fifty day moving average of $10.68 and a 200 day moving average of $10.92.

Insider Buying and Selling at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were purchased 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 in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 38.7% during the 3rd 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 last quarter. State Street Corp grew its position in shares of ZoomInfo Technologies by 2.0% during 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 purchased a new position in shares of ZoomInfo Technologies during the second quarter valued at about $73,435,000. Finally, Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies in the third quarter worth about $44,248,000. 95.47% of the stock is owned by institutional investors.

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.