Piper Sandler Reiterates Underweight Rating for ZoomInfo Technologies (NASDAQ:ZI)

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “underweight” rating reiterated by research analysts at Piper Sandler in a note issued to investors on Monday, Marketbeat reports. They presently have a $10.00 price target on the stock, down from their prior price target of $11.00. Piper Sandler’s price target suggests a potential downside of 1.38% from the company’s previous close.

Several other research firms have also issued reports on ZI. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Citigroup raised their price objective 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. Finally, KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and an average price target of $12.57.

ZoomInfo Technologies Stock Down 3.2 %

Shares of ZI stock opened at $10.14 on Monday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a fifty day moving average price of $10.88 and a 200 day moving average price of $10.65. The stock has a market cap of $3.48 billion, a P/E ratio of 338.11, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction dated 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 sale, the director now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ZI. CIBC Asset Management Inc acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $137,000. Victory Capital Management Inc. increased its position in ZoomInfo Technologies by 47.2% during the second quarter. Victory Capital Management Inc. now owns 89,253 shares of the company’s stock worth $1,140,000 after acquiring an additional 28,617 shares during the period. Acadian Asset Management LLC acquired a new stake in ZoomInfo Technologies in the 2nd quarter worth about $987,000. Caprock Group LLC raised its stake in ZoomInfo Technologies by 7.1% in the 2nd quarter. Caprock Group LLC now owns 152,872 shares of the company’s stock worth $1,952,000 after purchasing an additional 10,165 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in ZoomInfo Technologies by 106.1% in the 2nd quarter. Quest Partners LLC now owns 23,821 shares of the company’s stock valued at $304,000 after purchasing an additional 12,264 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.