ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Hold” from the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.77.

Several analysts have commented on the stock. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday. Citigroup increased their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Piper Sandler lifted their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th.

ZoomInfo Technologies Stock Performance

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

Insider Activity at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Henry Schuck bought 492,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. FMR LLC raised its holdings in shares of ZoomInfo Technologies by 27.7% during the third 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 period. Pacer Advisors Inc. grew its position in shares of ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after buying an additional 6,611,160 shares during the last quarter. Marshall Wace LLP acquired a new stake in ZoomInfo Technologies during the second quarter worth about $73,435,000. Maverick Capital Ltd. bought a new position in ZoomInfo Technologies in the third quarter worth about $44,248,000. Finally, Primecap Management Co. CA boosted its stake in ZoomInfo Technologies by 97.6% in the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after acquiring an additional 1,267,171 shares during the period. 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.