ZoomInfo Technologies (NASDAQ:ZI - Get Free Report)'s stock had its "underweight" rating reaffirmed by equities research analysts at Piper Sandler in a note issued to investors on Monday, MarketBeat reports. They presently have a $10.00 target price on the stock, down from their previous target price of $11.00. Piper Sandler's price target suggests a potential downside of 4.58% from the stock's previous close.
A number of other equities analysts also recently issued reports on the company. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a "sector perform" rating and a $10.30 target price for the company. KeyCorp cut ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Barclays increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Finally, Mizuho boosted 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. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and a consensus target price of $12.72.
Read Our Latest Research Report on ZoomInfo Technologies
ZoomInfo Technologies Stock Performance
Shares of ZoomInfo Technologies stock traded down $0.16 on Monday, reaching $10.48. 12,464,540 shares of the stock were exchanged, compared to its average volume of 9,073,047. The firm has a market capitalization of $3.60 billion, a PE ratio of 349.45, a PEG ratio of 13.58 and a beta of 1.01. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $18.69. The business has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $10.68. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.
Insiders Place Their Bets
In related news, CEO Henry Schuck purchased 492,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares of the company's stock, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $3,213,383.46. Following the transaction, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.
Institutional Investors Weigh In On ZoomInfo Technologies
A number of institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth $37,000. GAMMA Investing LLC increased its holdings in 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 in the last quarter. KBC Group NV raised its position in ZoomInfo Technologies by 39.0% in the third 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 period. Finally, American Trust acquired a new position in shares of ZoomInfo Technologies during the third quarter worth about $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.
About ZoomInfo Technologies
(
Get Free Report)
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.
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