Barclays Issues Pessimistic Forecast for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI) had its target price decreased by analysts at Barclays from $12.00 to $11.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 11.22% from the company’s previous close.

Other analysts have also issued research reports about the stock. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Citigroup lifted their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Finally, Piper Sandler reaffirmed an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.52.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $9.89 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $3.40 billion, a P/E ratio of 329.78, a P/E/G ratio of 13.04 and a beta of 1.01. The firm has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $10.47. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction 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. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZI. KBC Group NV grew its stake in ZoomInfo Technologies by 2,644.4% in the 4th quarter. KBC Group NV now owns 257,781 shares of the company’s stock valued at $2,709,000 after buying an additional 248,388 shares during the last quarter. Blue Trust Inc. grew its stake in ZoomInfo Technologies by 10,586.7% in the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock valued at $215,000 after buying an additional 20,644 shares during the last quarter. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in ZoomInfo Technologies in the 4th quarter valued at about $163,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.