ZoomInfo Technologies (NASDAQ:ZI) Given New $11.00 Price Target at Barclays

ZoomInfo Technologies (NASDAQ:ZI) had its target price lowered by Barclays from $12.00 to $11.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also recently weighed in on ZI. Wells Fargo & Company reiterated 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, January 7th. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective for the company. Citigroup raised their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Finally, KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.52.

ZoomInfo Technologies Stock Up 0.6 %

ZoomInfo Technologies stock opened at $9.95 on Thursday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69. The stock has a fifty day moving average of $10.50 and a 200 day moving average of $10.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $3.42 billion, a PE ratio of 331.78, a price-to-earnings-growth ratio of 12.92 and a beta of 1.01.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost 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 $125,875,135.25. This trade represents a 4.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the company’s 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 sale, the chief technology officer now directly owns 118,659 shares in the company, 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. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gries Financial LLC bought a new position in ZoomInfo Technologies during the fourth quarter valued at $147,000. KBC Group NV grew its holdings in ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company’s stock valued at $2,709,000 after purchasing an additional 248,388 shares during the last quarter. Blue Trust Inc. raised its position in ZoomInfo Technologies by 10,586.7% in the 4th quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock worth $215,000 after purchasing an additional 20,644 shares during the period. Fifth Third Bancorp lifted its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of ZoomInfo Technologies by 343.1% during the fourth 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 period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.