ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.52 Consensus Price Target from Brokerages

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

ZI has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Mizuho upped 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. Citigroup increased their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research note on Thursday, November 14th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Finally, Scotiabank began coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target on the stock.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, 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. 8.10% of the stock is currently owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares in the last quarter. State Street Corp grew its stake in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after buying an additional 165,440 shares during the last quarter. Maverick Capital Ltd. purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $44,248,000. Finally, Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after buying an additional 548,094 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.29 on Wednesday. The firm has a market cap of $3.53 billion, a P/E ratio of 343.11, a P/E/G ratio of 13.47 and a beta of 1.01. The firm’s fifty day moving average is $10.50 and its 200 day moving average is $10.41. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69. 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 Company Profile

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.