ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of “Hold” from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received a consensus rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.72.

Several brokerages have recently commented on ZI. Piper Sandler boosted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Finally, Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th.

Insider Activity

In related news, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. FMR LLC raised its holdings in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. increased its holdings in ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP bought a new position in ZoomInfo Technologies in the second quarter worth approximately $73,435,000. Maverick Capital Ltd. purchased a new stake in ZoomInfo Technologies during the third quarter worth $44,248,000. Finally, Delta Global Management LP boosted its position in ZoomInfo Technologies by 280.1% during the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after acquiring an additional 1,911,221 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Up 2.0 %

ZI opened at $9.90 on Friday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 330.00, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s fifty day moving average is $10.53 and its 200 day moving average is $11.15. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.

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.