ZoomInfo Technologies (NASDAQ:ZI) Price Target Cut to $11.00 by Analysts at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its price objective reduced by Barclays from $12.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently weighed in on ZI. Citigroup raised their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Piper Sandler reissued an “underweight” rating and set a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Mizuho lifted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.52.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $9.95 on Thursday. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two 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. The stock has a market cap of $3.42 billion, a P/E ratio of 331.78, a price-to-earnings-growth ratio of 12.92 and a beta of 1.01. The firm’s fifty day moving average price is $10.50 and its 200-day moving average price is $10.47.

Insider Activity at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $10.25 per share, with a total value 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 $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in ZoomInfo Technologies by 27.7% in the 3rd 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. raised its stake 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 worth $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. State Street Corp lifted its holdings in shares of ZoomInfo Technologies by 2.0% during 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 in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies during the third quarter valued at $44,248,000. Finally, Dimensional Fund Advisors LP increased its holdings in ZoomInfo Technologies by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $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 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.