Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $12.77

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Reduce” from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Six research 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 price objective among analysts that have issued a report on the stock in the last year is $12.57.

A number of equities research analysts have recently issued reports on ZI shares. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price objective (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Barclays upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Mizuho upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $9.43 on Friday. The company’s fifty day moving average price is $10.79 and its 200-day moving average price is $10.62. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 314.44, a PEG ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the 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 completion of the transaction, the chief technology officer now 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 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 the business. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $37,000. GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. KBC Group NV increased its stake in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares in the last quarter. Finally, American Trust bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $104,000. 95.47% of the stock is currently 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.