ZoomInfo Technologies (NASDAQ:ZI) Receives "Equal Weight" Rating from Wells Fargo & Company

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report)'s stock had its "equal weight" rating restated by stock analysts at Wells Fargo & Company in a research note issued on Tuesday, Marketbeat.com reports. They currently have a $11.00 price target on the stock, down from their previous price target of $14.00. Wells Fargo & Company's price objective suggests a potential upside of 8.48% from the stock's current price.

Several other equities research analysts also recently weighed in on ZI. Mizuho increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. KeyCorp cut ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a research report on Thursday, November 14th. Barclays increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Finally, Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a "sector perform" rating and a $10.30 target price on the stock. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.57.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.34 during trading hours on Tuesday, reaching $10.14. The stock had a trading volume of 8,457,603 shares, compared to its average volume of 8,919,176. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 338.11, a PEG ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The firm has a 50-day moving average of $10.89 and a 200-day moving average of $10.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Insider Transactions at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was 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. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Henry Schuck purchased 492,500 shares of the company'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 purchase, the chief executive officer now directly owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ZI. CIBC Asset Management Inc acquired a new position in ZoomInfo Technologies during the 2nd quarter worth approximately $137,000. Victory Capital Management Inc. grew its position in shares of ZoomInfo Technologies by 47.2% during the second quarter. Victory Capital Management Inc. now owns 89,253 shares of the company's stock worth $1,140,000 after buying an additional 28,617 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of ZoomInfo Technologies in the second quarter worth $987,000. Quest Partners LLC raised its holdings in ZoomInfo Technologies by 106.1% in the second quarter. Quest Partners LLC now owns 23,821 shares of the company's stock valued at $304,000 after acquiring an additional 12,264 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in ZoomInfo Technologies during the 2nd quarter valued at $618,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.