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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned an average recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $12.77.

A number of analysts recently commented on ZI shares. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Mizuho increased their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Barclays increased their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Scotiabank began coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective for the company.

ZoomInfo Technologies Stock Performance

ZI stock opened at $10.64 on Friday. The stock has a market capitalization of $3.65 billion, a PE ratio of 354.78, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. 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 company has a 50 day moving average price of $10.90 and a 200 day moving average price of $10.70. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69.

Insider Buying and Selling

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price 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. This trade represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the transaction, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % 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.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $37,000. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the last quarter. KBC Group NV increased its position in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares during the last quarter. Finally, American Trust bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth about $104,000. 95.47% of the stock is owned by 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.