Barclays Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its target price decreased by Barclays from $12.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 10.22% from the stock’s current price.

A number of other brokerages have also recently weighed in on ZI. Mizuho lifted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler reiterated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Scotiabank initiated coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price on the stock. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $12.52.

ZoomInfo Technologies Stock Up 0.3 %

NASDAQ ZI opened at $9.98 on Thursday. The business’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $10.47. 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 $3.43 billion, a PE ratio of 332.78, a P/E/G ratio of 12.92 and a beta of 1.01. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69.

Insiders Place Their Bets

In related news, Director David Randall Winn sold 290,541 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Journey Strategic Wealth LLC purchased a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $140,000. Gries Financial LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $147,000. KBC Group NV increased its stake in ZoomInfo Technologies by 2,644.4% in the fourth quarter. KBC Group NV now owns 257,781 shares of the company’s stock valued at $2,709,000 after purchasing an additional 248,388 shares during the last quarter. Blue Trust Inc. increased its stake in ZoomInfo Technologies by 10,586.7% in the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock valued at $215,000 after purchasing an additional 20,644 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the period. 95.47% of the stock is currently owned by hedge funds and other 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.