ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Rating of "Buy" from Brokerages – MarketBeat
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ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) has received a consensus rating of “Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. Fifteen equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $51.47.
ZI has been the subject of several research reports. Bank of America cut their price objective on ZoomInfo Technologies from $64.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Wells Fargo & Company cut their price objective on ZoomInfo Technologies from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, November 2nd. Mizuho cut their price objective on ZoomInfo Technologies from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Piper Sandler boosted their price objective on ZoomInfo Technologies from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 2nd. Finally, Royal Bank of Canada cut their price objective on ZoomInfo Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 2nd.
Insider Transactions at ZoomInfo Technologies
In other news, COO Joseph Christopher Hays sold 17,797 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $41.97, for a total transaction of $746,940.09. Following the sale, the chief operating officer now owns 577,329 shares of the company’s stock, valued at $24,230,498.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Joseph Christopher Hays sold 17,797 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $41.97, for a total value of $746,940.09. Following the transaction, the chief operating officer now owns 577,329 shares of the company’s stock, valued at $24,230,498.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nir Keren sold 15,000 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $41.25, for a total value of $618,750.00. Following the completion of the transaction, the insider now directly owns 1,055,458 shares in the company, valued at approximately $43,537,642.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,797 shares of company stock valued at $1,801,140. 9.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On ZoomInfo Technologies
Several hedge funds have recently made changes to their positions in ZI. Truist Financial Corp grew its holdings in shares of ZoomInfo Technologies by 39.8% during the first quarter. Truist Financial Corp now owns 13,920 shares of the company’s stock worth $831,000 after purchasing an additional 3,964 shares during the last quarter. Comerica Bank boosted its stake in shares of ZoomInfo Technologies by 54.3% during the first quarter. Comerica Bank now owns 19,849 shares of the company’s stock worth $1,090,000 after buying an additional 6,988 shares during the period. National Asset Management Inc. acquired a new stake in shares of ZoomInfo Technologies during the first quarter worth about $380,000. State of New Jersey Common Pension Fund D boosted its stake in shares of ZoomInfo Technologies by 25.8% during the first quarter. State of New Jersey Common Pension Fund D now owns 166,694 shares of the company’s stock worth $9,958,000 after buying an additional 34,217 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of ZoomInfo Technologies by 28.4% during the first quarter. Arizona State Retirement System now owns 78,567 shares of the company’s stock worth $4,694,000 after buying an additional 17,369 shares during the period. Hedge funds and other institutional investors own 91.42% of the company’s stock.
ZoomInfo Technologies Price Performance
Shares of ZoomInfo Technologies stock opened at $26.61 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. ZoomInfo Technologies has a twelve month low of $23.29 and a twelve month high of $79.17. The business has a 50-day moving average price of $40.02 and a 200 day moving average price of $40.41. The firm has a market cap of $10.74 billion, a PE ratio of 57.85, a P/E/G ratio of 1.92 and a beta of 1.29.
About ZoomInfo Technologies
(Get Rating)
ZoomInfo Technologies Inc, through 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.
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