ZoomInfo Technologies (NASDAQ:ZI) Given Equal Weight Rating at Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Wells Fargo & Company in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $11.00 target price on the stock, down from their previous target price of $14.00. Wells Fargo & Company‘s target price indicates a potential upside of 14.46% from the stock’s current price.

Other research analysts have also issued research reports about the company. Piper Sandler reaffirmed an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday. Mizuho upped their price objective 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. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Scotiabank initiated coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Finally, Barclays raised their price objective 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. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.57.

ZoomInfo Technologies Trading Down 5.2 %

NASDAQ ZI opened at $9.61 on Tuesday. 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 stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 320.44, a PEG ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69. The business’s fifty day moving average is $10.86 and its 200-day moving average is $10.64.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business’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 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 8.10% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth $37,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 2,134 shares in the last quarter. KBC Group NV raised its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the last quarter. Finally, American Trust purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $104,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.