ZoomInfo Technologies (NASDAQ:ZI) Earns Sector Perform Rating from Analysts at Scotiabank

Scotiabank initiated coverage on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research report sent to investors on Monday, Marketbeat.com reports. The firm issued a sector perform rating and a $10.30 target price on the stock.

ZI has been the topic of several other reports. Royal Bank of Canada reduced their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Truist Financial cut their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $12.72.

ZoomInfo Technologies Trading Down 2.4 %

Shares of ZoomInfo Technologies stock opened at $10.37 on Monday. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The business’s fifty day moving average is $10.55 and its two-hundred day moving average is $11.14. 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 $3.79 billion, a PE ratio of 345.78, a P/E/G ratio of 5.64 and a beta of 1.03.

Insider Buying and Selling

In other news, CEO Henry Schuck acquired 492,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.10% of the stock is currently owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its stake in shares of ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after purchasing an additional 6,611,160 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth about $73,435,000. Maverick Capital Ltd. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $44,248,000. Finally, Delta Global Management LP lifted its position in shares of ZoomInfo Technologies by 280.1% during the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after purchasing an additional 1,911,221 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.