ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) had its target price reduced by stock analysts at Bank of America from $30.00 to $28.00 in a report issued on Tuesday, FlyOnTheWall reports. Bank of America‘s target price points to a potential upside of 9.50% from the stock’s current price.
A number of other research analysts have also recently commented on ZI. Mizuho cut their target price on ZoomInfo Technologies from $36.00 to $30.00 in a research note on Tuesday. Needham & Company LLC assumed coverage on ZoomInfo Technologies in a research report on Wednesday, June 28th. They set a “buy” rating and a $35.00 target price on the stock. Raymond James lowered their target price on ZoomInfo Technologies from $33.00 to $28.00 in a report on Tuesday, May 2nd. Stifel Nicolaus dropped their target price on ZoomInfo Technologies from $34.00 to $30.00 in a report on Tuesday, May 2nd. Finally, Credit Suisse Group dropped their price objective on shares of ZoomInfo Technologies from $40.00 to $32.00 in a research note on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Moderate Buy” and a consensus target price of $31.65.
ZoomInfo Technologies Stock Down 0.8 %
ZoomInfo Technologies stock opened at $25.57 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. ZoomInfo Technologies has a 12 month low of $20.33 and a 12 month high of $51.86. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 102.28, a PEG ratio of 2.21 and a beta of 0.93. The stock has a fifty day simple moving average of $25.99 and a two-hundred day simple moving average of $24.86.
Insider Buying and Selling at ZoomInfo Technologies
In related news, CEO Henry Schuck sold 2,000,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $26.52, for a total value of $53,040,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,288,001 shares in the company, valued at approximately $272,837,786.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Henry Schuck sold 2,000,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $26.52, for a total transaction of $53,040,000.00. Following the sale, the chief executive officer now owns 10,288,001 shares of the company’s stock, valued at $272,837,786.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter Cameron Hyzer sold 10,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $22.09, for a total transaction of $220,900.00. Following the completion of the transaction, the chief financial officer now owns 1,177,455 shares in the company, valued at approximately $26,009,980.95. The disclosure for this sale can be found here. Insiders sold a total of 2,090,000 shares of company stock valued at $55,325,700 in the last ninety days. Insiders own 8.10% of the company’s stock.
Hedge Funds Weigh In On ZoomInfo Technologies
Hedge funds have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its position in ZoomInfo Technologies by 3.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 161,378 shares of the company’s stock valued at $4,859,000 after buying an additional 4,949 shares during the last quarter. Aviva PLC boosted its position in shares of ZoomInfo Technologies by 30.2% in the 4th quarter. Aviva PLC now owns 531,120 shares of the company’s stock worth $15,992,000 after purchasing an additional 123,237 shares during the last quarter. Arizona State Retirement System boosted its position in shares of ZoomInfo Technologies by 3.1% in the 4th quarter. Arizona State Retirement System now owns 74,228 shares of the company’s stock worth $2,235,000 after purchasing an additional 2,235 shares during the last quarter. abrdn plc boosted its position in shares of ZoomInfo Technologies by 17.7% in the 4th quarter. abrdn plc now owns 720,564 shares of the company’s stock worth $21,696,000 after purchasing an additional 108,267 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its position in shares of ZoomInfo Technologies by 0.9% in the 1st quarter. Riverbridge Partners LLC now owns 1,540,219 shares of the company’s stock worth $38,059,000 after purchasing an additional 13,880 shares during the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.
About ZoomInfo Technologies
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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