ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.77 Consensus Target Price from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given an average recommendation of “Hold” by the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.77.

A number of equities analysts have weighed in 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 price objective for the company. Piper Sandler lifted their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Mizuho lifted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday.

ZoomInfo Technologies Trading Up 4.7 %

Shares of ZoomInfo Technologies stock opened at $10.89 on Tuesday. The stock has a market cap of $3.74 billion, a PE ratio of 363.12, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. The firm has a fifty day moving average price of $10.77 and a 200 day moving average price of $10.83. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. M&G Plc acquired a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at $9,534,000. Victory Capital Management Inc. raised its holdings in shares of ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares during the last quarter. Versor Investments LP acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth about $516,000. XTX Topco Ltd purchased a new position in shares of ZoomInfo Technologies during the third quarter worth about $895,000. Finally, Pacer Advisors Inc. increased its position in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after acquiring an additional 2,585,631 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.