ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Recommendation of “Reduce” from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus recommendation of “Reduce” from the twenty-one brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.15.

ZI has been the topic of a number of recent analyst reports. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. 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 report on Wednesday, November 13th. Citigroup upped their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Scotiabank began coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. Finally, Barclays lowered their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd.

Insider Activity

In related news, Director David Randall Winn sold 290,541 shares of the company’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 represents a 18.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at $116,622,000. Deutsche Bank AG grew its holdings in shares of ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after buying an additional 10,181,253 shares during the last quarter. FMR LLC increased its position in shares of ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $48,336,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth about $44,248,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Trading Down 2.5 %

Shares of ZI opened at $9.65 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $17.89. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 321.77, a PEG ratio of 13.05 and a beta of 1.01. The business’s fifty day moving average is $10.28 and its 200-day moving average is $10.30.

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.