ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Citigroup Analyst Says

ZoomInfo Technologies (NASDAQ:ZI) had its price target lifted by equities research analysts at Citigroup from $8.50 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the stock. Citigroup’s price objective points to a potential downside of 12.54% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price objective (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Scotiabank initiated coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective on the stock. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.15.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.29 on Tuesday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 343.11, a P/E/G ratio of 13.57 and a beta of 1.01. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50-day moving average is $10.39 and its 200-day moving average is $10.32.

Insider Activity

In other news, CEO Henry Schuck bought 492,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $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. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in 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 in the last quarter. Creative Planning acquired a new position in ZoomInfo Technologies during the third quarter worth $254,000. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ZoomInfo Technologies during the third quarter worth $37,000. Finally, State of Alaska Department of Revenue raised its stake in ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after acquiring an additional 2,275 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.