ZoomInfo Technologies’ (ZI) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research note published on Tuesday, Marketbeat reports. They currently have a $11.00 price target on the stock, down from their prior price target of $14.00.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler reaffirmed an “underweight” rating and set a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday. 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 target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Finally, Citigroup boosted their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus price target of $12.57.

ZoomInfo Technologies Stock Down 5.2 %

ZI stock opened at $9.61 on Tuesday. The stock has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $10.64. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $18.69. The firm has a market capitalization of $3.30 billion, a PE ratio of 320.44, a PEG ratio of 13.58 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Insider Activity at ZoomInfo Technologies

In other news, 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 completion of the sale, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in ZoomInfo Technologies in the second quarter worth $137,000. Victory Capital Management Inc. lifted its position in shares of ZoomInfo Technologies by 47.2% in the 2nd quarter. Victory Capital Management Inc. now owns 89,253 shares of the company’s stock worth $1,140,000 after purchasing an additional 28,617 shares during the period. Acadian Asset Management LLC bought a new stake in shares of ZoomInfo Technologies during the 2nd quarter valued at about $987,000. Quest Partners LLC increased its position in shares of ZoomInfo Technologies by 106.1% during the second quarter. Quest Partners LLC now owns 23,821 shares of the company’s stock valued at $304,000 after buying an additional 12,264 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of ZoomInfo Technologies during the second quarter valued at about $618,000. 95.47% of the stock is owned by institutional investors.

About ZoomInfo Technologies

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.