ZoomInfo Technologies (NASDAQ:ZI) Cut to "Underweight" at KeyCorp

KeyCorp downgraded shares of ZoomInfo Technologies (NASDAQ:ZI - Free Report) from a sector weight rating to an underweight rating in a research report report published on Friday, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a research note on Thursday, November 14th. Barclays raised their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Mizuho boosted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Finally, Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective for the company. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.77.

ZoomInfo Technologies Trading Down 2.0 %

ZI traded down $0.21 during trading on Friday, reaching $10.40. The company had a trading volume of 4,670,236 shares, compared to its average volume of 7,065,019. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 353.78, a PEG ratio of 14.07 and a beta of 1.02. The firm's 50-day simple moving average is $10.74 and its 200 day simple moving average is $10.88.

Insider Activity at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction 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. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost 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 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. Corporate insiders own 8.10% of the company's stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of ZoomInfo Technologies in the second quarter valued at about $1,136,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $123,000. Bank of New York Mellon Corp raised its stake in shares of ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock worth $42,005,000 after purchasing an additional 223,669 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of ZoomInfo Technologies by 3,600.0% in the 2nd quarter. nVerses Capital LLC now owns 18,500 shares of the company's stock valued at $236,000 after buying an additional 18,000 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of ZoomInfo Technologies in the second quarter valued at $137,000. Institutional investors and hedge funds 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.