ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.77 Average Target Price from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.77.

Several brokerages have commented on ZI. Citigroup raised their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday, November 14th. Barclays raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler increased their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Scotiabank began coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective on the stock.

Insider Buying and Selling

In related news, Director David Randall Winn sold 290,541 shares of the firm’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 transaction of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the purchase, the chief executive officer now directly 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 disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. M&G Plc acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $9,534,000. Victory Capital Management Inc. increased its holdings in shares of ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after purchasing an additional 74,455 shares during the period. Versor Investments LP acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at about $516,000. XTX Topco Ltd bought a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $895,000. Finally, Pacer Advisors Inc. grew its position in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after buying an additional 2,585,631 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 2.0 %

ZI stock opened at $10.40 on Tuesday. The stock has a market cap of $3.57 billion, a PE ratio of 346.78, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. The firm’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $10.85. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.