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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus rating of “Reduce” from the twenty-two research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.52.

Several research firms have recently issued reports on ZI. Citigroup boosted their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Piper Sandler reaffirmed an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Mizuho boosted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target on the stock.

Insiders Place Their Bets

In related news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The stock was purchased 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 directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the firm’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 completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew 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 purchasing an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. increased its holdings in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after acquiring an additional 2,585,631 shares during the last quarter. State Street Corp lifted its stake in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of ZoomInfo Technologies during the third quarter valued at about $44,248,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ZoomInfo Technologies by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after purchasing an additional 548,094 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Up 2.6 %

ZI stock opened at $10.44 on Wednesday. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The stock has a fifty day moving average of $10.48 and a 200-day moving average of $10.37. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 348.12, a PEG ratio of 13.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

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.