ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $12.00 at Barclays

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

Several other brokerages have also weighed in on ZI. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Daiwa America downgraded ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective on the stock. Piper Sandler lifted their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of "Hold" and an average target price of $12.77.

ZoomInfo Technologies Stock Up 0.6 %

ZoomInfo Technologies stock traded up $0.07 during midday trading on Friday, hitting $11.04. 4,591,160 shares of the stock were exchanged, compared to its average volume of 11,678,630. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $10.95. The firm has a market cap of $3.79 billion, a P/E ratio of 368.12, a P/E/G ratio of 14.63 and a beta of 1.02. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares of the company's stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the company. American Trust purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at about $104,000. SkyView Investment Advisors LLC acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at approximately $129,000. Teachers Retirement System of The State of Kentucky lifted its position in ZoomInfo Technologies by 11.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company's stock worth $1,703,000 after buying an additional 17,060 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $720,000. Finally, M&T Bank Corp grew its holdings in shares of ZoomInfo Technologies by 30.2% during the 3rd quarter. M&T Bank Corp now owns 16,152 shares of the company's stock valued at $167,000 after acquiring an additional 3,746 shares in the last quarter. 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.