ZoomInfo Technologies’ (ZI) Underweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their underweight rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a report issued on Monday, MarketBeat.com reports. The brokerage currently has a $10.00 price target on the stock, down from their prior price target of $11.00.

ZI has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Citigroup boosted their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Barclays increased their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price on the stock. Six equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.57.

ZoomInfo Technologies Trading Down 5.2 %

ZI opened at $9.61 on Monday. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $18.69. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $10.86 and a 200 day moving average of $10.64. The firm has a market cap of $3.30 billion, a P/E ratio of 320.44, a P/E/G ratio of 13.58 and a beta of 1.01.

Insiders Place Their Bets

In related news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated 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 $1,306,435.59. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Randall Winn sold 290,541 shares of the stock in a transaction 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. This represents 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 company insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after acquiring an additional 74,455 shares during the last quarter. Versor Investments LP acquired a new position in ZoomInfo Technologies in the third quarter valued at $516,000. XTX Topco Ltd purchased a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $895,000. State Street Corp increased its position in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth $720,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.