ZoomInfo Technologies (NASDAQ:ZI) Receives “Underweight” Rating from Piper Sandler

Piper Sandler reiterated their underweight rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research report report published on Monday, MarketBeat reports. They currently have a $10.00 price target on the stock, down from their previous price target of $11.00.

A number of other equities analysts also recently commented on ZI. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective on the stock. Mizuho boosted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Finally, Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Trading Down 1.5 %

Shares of ZI stock opened at $10.48 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 349.45, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $18.69. The stock’s 50-day moving average price is $10.89 and its 200-day moving average price is $10.67.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated 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 sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ZoomInfo Technologies during the third quarter worth approximately $37,000. GAMMA Investing LLC grew its position 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 worth $41,000 after acquiring an additional 2,134 shares during the last quarter. KBC Group NV boosted its stake in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the period. Finally, American Trust purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $104,000. Institutional investors and hedge funds 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.