ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.52 Average Target Price from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned a consensus rating of “Reduce” from the twenty-two ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.52.

A number of equities analysts have weighed in on ZI shares. Piper Sandler reissued an “underweight” rating and set a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Mizuho lifted 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. Barclays cut their price target on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Citigroup raised their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.29 on Wednesday. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $18.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $10.49 and a 200-day simple moving average of $10.39. The stock has a market cap of $3.53 billion, a PE ratio of 343.11, a price-to-earnings-growth ratio of 13.47 and a beta of 1.01.

Insider Buying and Selling

In other news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake 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 acquiring an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. grew its position 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. State Street Corp increased its stake in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $44,248,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ZoomInfo Technologies by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after buying an additional 548,094 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.