ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Rating of “Reduce” by Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given a consensus recommendation of “Reduce” by the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.52.

A number of research firms have recently issued reports on ZI. Citigroup increased their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Scotiabank assumed coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Piper Sandler reissued an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $10.50 on Wednesday. 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 company has a market capitalization of $3.61 billion, a PE ratio of 350.12, a price-to-earnings-growth ratio of 12.92 and a beta of 1.01. The stock has a fifty day moving average of $10.49 and a 200-day moving average of $10.42. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated 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 $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares in the last quarter. Versor Investments LP bought a new stake in shares of ZoomInfo Technologies during the third quarter worth $516,000. State Street Corp lifted its stake 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 acquiring an additional 165,440 shares during the period. XTX Topco Ltd acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at $895,000. Finally, Neo Ivy Capital Management bought a new position in ZoomInfo Technologies in the third quarter valued at about $720,000. Institutional investors own 95.47% of the company’s stock.

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.