ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $9.00 at Citigroup

ZoomInfo Technologies (NASDAQ:ZI - Free Report) had its price target boosted by Citigroup from $8.50 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Scotiabank initiated coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective for the company. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average price target of $12.15.

ZoomInfo Technologies Trading Up 0.3 %

Shares of ZI stock traded up $0.04 on Tuesday, reaching $10.21. The company had a trading volume of 1,265,879 shares, compared to its average volume of 6,376,415. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.50 billion, a PE ratio of 340.28, a PEG ratio of 13.57 and a beta of 1.01. The company has a 50-day moving average of $10.36 and a 200-day moving average of $10.32. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $18.27.

Insider Buying and Selling

In other news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated 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 sale, the director now directly owns 1,266,807 shares of the company's stock, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $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. 8.10% of the stock is owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in ZoomInfo Technologies by 27.7% in the third 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 last quarter. Pacer Advisors Inc. raised its position in shares of ZoomInfo Technologies by 38.7% during the third 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 during the period. State Street Corp raised its position 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. JPMorgan Chase & Co. raised its position in ZoomInfo Technologies by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock valued at $63,999,000 after buying an additional 1,591,960 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after buying an additional 2,118,297 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.