ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.52 Consensus PT from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given a consensus rating of “Reduce” by the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. Six 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. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.52.

A number of research analysts have recently issued reports on ZI shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. 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. Citigroup lifted their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th.

ZoomInfo Technologies Stock Down 1.7 %

Shares of ZI opened at $10.29 on Wednesday. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $18.69. The firm has a market capitalization of $3.53 billion, a P/E ratio of 343.11, a P/E/G ratio of 13.47 and a beta of 1.01. The firm has a fifty day moving average price of $10.49 and a 200-day moving average price of $10.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ZI. FMR LLC raised its position in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Maverick Capital Ltd. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $44,248,000. Pacer Advisors Inc. lifted its stake in ZoomInfo Technologies by 38.7% in the 3rd 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 in the last quarter. Primecap Management Co. CA raised its stake in ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after purchasing an additional 1,267,171 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of ZoomInfo Technologies by 304.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock valued at $14,902,000 after purchasing an additional 1,067,299 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

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.