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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Reduce” from the twenty-two research firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.57.

ZI has been the subject of a number of research reports. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Barclays raised their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Scotiabank initiated 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 objective on the stock. Mizuho raised their target price 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, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th.

ZoomInfo Technologies Price Performance

ZI stock opened at $9.61 on Friday. The stock has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $10.64. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $18.69. The stock has a market cap of $3.30 billion, a PE ratio of 320.44, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling

In other news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction dated Friday, November 15th. The shares were bought 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 owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction that occurred 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 sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was 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 insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in shares of ZoomInfo Technologies during the second quarter worth approximately $137,000. Victory Capital Management Inc. increased its stake in ZoomInfo Technologies by 47.2% during the 2nd quarter. Victory Capital Management Inc. now owns 89,253 shares of the company’s stock worth $1,140,000 after acquiring an additional 28,617 shares during the period. Acadian Asset Management LLC acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $987,000. Caprock Group LLC raised its holdings in ZoomInfo Technologies by 7.1% in the 2nd quarter. Caprock Group LLC now owns 152,872 shares of the company’s stock valued at $1,952,000 after acquiring an additional 10,165 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of ZoomInfo Technologies by 106.1% during the 2nd quarter. Quest Partners LLC now owns 23,821 shares of the company’s stock valued at $304,000 after acquiring an additional 12,264 shares during the period. 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.