ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Rating of “Reduce” from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned a consensus rating of “Reduce” from the twenty-two ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.57.

ZI has been the subject of several research analyst reports. Piper Sandler reaffirmed an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Citigroup lifted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th.

ZoomInfo Technologies Trading Down 1.9 %

ZI opened at $9.43 on Friday. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year 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 company has a market cap of $3.24 billion, a P/E ratio of 314.44, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01. The company has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $10.62.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth $37,000. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the last quarter. KBC Group NV increased its holdings in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after buying an additional 2,635 shares during the last quarter. Finally, American Trust bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth $104,000. Institutional investors 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.