ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Rating of “Reduce” by Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus recommendation of “Reduce” from the twenty-two research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.52.

ZI has been the subject of several analyst reports. Citigroup raised their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Mizuho upped their price objective 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. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th.

Insiders Place Their Bets

In other news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies 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 completion of the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in ZoomInfo Technologies by 45.8% in the 2nd quarter. American Century Companies Inc. now owns 28,825 shares of the company’s stock worth $368,000 after buying an additional 9,049 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of ZoomInfo Technologies by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company’s stock worth $3,518,000 after purchasing an additional 3,023 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in ZoomInfo Technologies by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after acquiring an additional 548,094 shares during the last quarter. Sei Investments Co. boosted its holdings in ZoomInfo Technologies by 2.8% in the second quarter. Sei Investments Co. now owns 148,402 shares of the company’s stock worth $1,895,000 after purchasing an additional 3,984 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in ZoomInfo Technologies by 36.9% during the second quarter. AQR Capital Management LLC now owns 71,367 shares of the company’s stock worth $900,000 after buying an additional 19,222 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Trading Up 2.6 %

Shares of NASDAQ ZI opened at $10.44 on Wednesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 348.12, a PEG ratio of 13.44 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’s 50 day moving average is $10.48 and its two-hundred day moving average is $10.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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.