Barclays Issues Pessimistic Forecast for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI) had its price target decreased by equities research analysts at Barclays from $12.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 11.22% from the stock’s previous close.

A number of other research firms have also recently weighed in on ZI. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Piper Sandler reissued an “underweight” rating and set a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Citigroup lifted their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price objective (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.52.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $9.89 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.40 billion, a P/E ratio of 329.78, a P/E/G ratio of 13.04 and a beta of 1.01. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69. The stock’s fifty day moving average is $10.50 and its two-hundred day moving average is $10.47.

Insiders Place Their Bets

In related news, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price 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 in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were 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. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds have recently made changes to their positions in ZI. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies during the third quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies during the third quarter worth about $37,000. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

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.