Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $12.84

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.72.

Several equities analysts have commented on ZI shares. DA Davidson downgraded ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Royal Bank of Canada cut their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Truist Financial lowered their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired 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. The trade was 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. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ZI. FMR LLC increased its holdings in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. State Street Corp raised its position in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares during the period. Marshall Wace LLP acquired a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth about $73,435,000. Finally, Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $44,248,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $10.37 on Friday. The business’s 50-day simple moving average is $10.55 and its 200-day simple moving average is $11.14. 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 $19.39. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 345.78, a P/E/G ratio of 5.64 and a beta of 1.03.

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.