ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.77 Consensus Target Price from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has been given an average rating of "Hold" by the twenty-two brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.77.

Several research firms have recently commented on ZI. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $15.00 to $9.00 in a research note on Tuesday, August 13th. Barclays lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a "sector perform" rating and a $10.30 target price for the company. Finally, Mizuho raised their target price 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.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, 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. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. J.Safra Asset Management Corp increased its position in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock valued at $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $37,000. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock valued at $41,000 after purchasing an additional 2,134 shares during the last quarter. Finally, KBC Group NV increased its position in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock valued at $97,000 after purchasing an additional 2,635 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Down 4.5 %

NASDAQ:ZI traded down $0.49 during midday trading on Tuesday, reaching $10.47. 4,194,242 shares of the stock traded hands, compared to its average volume of 7,088,037. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The business has a 50-day moving average of $10.69 and a two-hundred day moving average of $10.90. 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 capitalization of $3.60 billion, a PE ratio of 363.45, a price-to-earnings-growth ratio of 14.42 and a beta of 1.02.

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.