Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $12.77

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-two brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.77.

ZI has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective on the stock. Citigroup boosted their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a research note on Thursday, November 14th. Piper Sandler increased their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Finally, KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th.

ZoomInfo Technologies Trading Up 1.7 %

Shares of ZI traded up $0.18 during trading hours on Friday, hitting $10.64. The stock had a trading volume of 5,503,410 shares, compared to its average volume of 7,377,305. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $18.69. The firm has a market cap of $3.65 billion, a P/E ratio of 354.78, a P/E/G ratio of 13.58 and a beta of 1.02. 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 company's fifty day simple moving average is $10.90 and its 200 day simple moving average is $10.69.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the business's stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company's stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David Randall Winn sold 290,541 shares of the stock in a transaction that occurred 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 owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was 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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZI. Raleigh Capital Management Inc. acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock valued at $41,000 after buying an additional 2,134 shares during the period. KBC Group NV lifted its stake 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 worth $97,000 after acquiring an additional 2,635 shares during the period. Finally, American Trust acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $104,000. 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.