ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.52 Consensus Price Target from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) have earned an average recommendation of "Reduce" from the twenty-two ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.52.

A number of brokerages have recently commented on ZI. KeyCorp cut ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Barclays reduced their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Mizuho raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company reiterated 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.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded down $0.18 during trading on Wednesday, hitting $10.29. The stock had a trading volume of 6,421,100 shares, compared to its average volume of 7,111,063. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock's 50 day moving average is $10.49 and its two-hundred day moving average is $10.40. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $18.69. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 343.11, a price-to-earnings-growth ratio of 13.47 and a beta of 1.01.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 492,500 shares of the company's stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business's 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 directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZI. FMR LLC lifted its stake in shares of 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 purchasing an additional 7,177,687 shares during the period. Maverick Capital Ltd. bought a new position in ZoomInfo Technologies in the third quarter worth $44,248,000. Pacer Advisors Inc. lifted its position in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock valued at $95,716,000 after buying an additional 2,585,631 shares during the period. Primecap Management Co. CA boosted its holdings 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 buying an additional 1,267,171 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of ZoomInfo Technologies by 304.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock worth $14,902,000 after buying an additional 1,067,299 shares during the period. 95.47% of the stock is owned by hedge funds and other 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.