Barclays Cuts ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective trimmed by Barclays from $12.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

ZI has been the subject of a number of other research reports. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Mizuho raised their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.52.

ZoomInfo Technologies Stock Performance

ZI opened at $9.98 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $18.69. The firm has a market cap of $3.43 billion, a P/E ratio of 332.78, a price-to-earnings-growth ratio of 12.92 and a beta of 1.01. The business’s fifty day moving average is $10.48 and its 200-day moving average is $10.45.

Insider Activity at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on 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 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 disclosure for this purchase can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after buying an additional 2,585,631 shares during the last quarter. State Street Corp grew its holdings in shares of ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at approximately $44,248,000. Finally, Dimensional Fund Advisors LP raised its holdings in ZoomInfo Technologies by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after acquiring an additional 548,094 shares during the last quarter. 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.