KeyCorp Lowers ZoomInfo Technologies (NASDAQ:ZI) to Sector Weight

KeyCorp cut shares of ZoomInfo Technologies (NASDAQ:ZI) from an overweight rating to a sector weight rating in a report published on Tuesday, MarketBeat Ratings reports.

ZI has been the topic of a number of other research reports. UBS Group cut their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Stifel Nicolaus dropped their price target on shares of ZoomInfo Technologies from $20.00 to $16.00 and set a buy rating for the company in a research note on Tuesday, July 23rd. Canaccord Genuity Group reduced their price objective on ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company lowered their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an overweight rating for the company in a research note on Friday, June 21st. Finally, DA Davidson downgraded ZoomInfo Technologies from a buy rating to a neutral rating and cut their price target for the stock from $20.00 to $9.50 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $13.63.

ZoomInfo Technologies Price Performance

ZI traded up $0.05 during trading on Tuesday, reaching $9.00. The company’s stock had a trading volume of 7,669,735 shares, compared to its average volume of 6,710,231. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 1.93 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $14.18.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. During the same period last year, the business earned $0.16 EPS. ZoomInfo Technologies’s revenue was down 5.5% compared to the same quarter last year. As a group, analysts anticipate that ZoomInfo Technologies will post 0.69 EPS for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 1,500,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the transaction, the chief financial officer now owns 1,316,518 shares in the company, valued at $16,285,327.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The disclosure for this purchase can be found here. Over the last three months, insiders sold 23,974 shares of company stock valued at $298,154. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares during the last quarter. J.Safra Asset Management Corp grew its stake in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the last quarter. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter worth $43,000. Covestor Ltd boosted its holdings in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the last quarter. 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.