Barclays Lowers ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its price objective lowered by Barclays from $12.00 to $11.00 in a research note released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also issued reports on ZI. Citigroup increased their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a research report on Thursday, November 14th. KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Scotiabank began coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a "sector perform" rating and a $10.30 target price for the company. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $12.52.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.05 during trading hours on Thursday, reaching $9.94. 4,234,560 shares of the stock were exchanged, compared to its average volume of 7,760,016. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 329.94, a P/E/G ratio of 13.04 and a beta of 1.01. The stock's fifty day simple moving average is $10.50 and its 200 day simple moving average is $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. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, 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 transaction, the chief technology officer now directly owns 118,659 shares of the company's stock, valued at $1,306,435.59. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry Schuck purchased 492,500 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after acquiring an additional 7,177,687 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth $44,248,000. Pacer Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock worth $95,716,000 after acquiring an additional 2,585,631 shares during the period. Primecap Management Co. CA raised its stake in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the period. Finally, Harber Asset Management LLC lifted its holdings in ZoomInfo Technologies by 79.0% during the 3rd quarter. Harber Asset Management LLC now owns 1,437,847 shares of the company's stock worth $14,839,000 after purchasing an additional 634,551 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

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.