Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) have been given an average rating of “Buy” by the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $76.95.
A number of equities research analysts have commented on the stock. Raymond James cut their target price on shares of ZoomInfo Technologies from $82.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 16th. Zacks Investment Research downgraded shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 22nd. Wells Fargo & Company cut their price objective on shares of ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of ZoomInfo Technologies from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, January 21st. Finally, Canaccord Genuity Group cut their price objective on shares of ZoomInfo Technologies from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th.
Shares of ZI traded down $2.16 on Friday, hitting $55.00. 1,688,903 shares of the stock traded hands, compared to its average volume of 2,726,524. The company has a market capitalization of $22.18 billion, a PE ratio of 196.43, a P/E/G ratio of 3.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50 day simple moving average of $55.31 and a 200 day simple moving average of $60.10. ZoomInfo Technologies has a one year low of $37.86 and a one year high of $79.17.
In other ZoomInfo Technologies news, major shareholder Kirk Norman Brown sold 353,430 shares of the business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $60.48, for a total value of $21,375,446.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 273,527 shares of the business’s stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $58.22, for a total transaction of $15,924,741.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,048,038 shares of company stock worth $170,076,433. 9.70% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. TA Associates L.P. purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at about $3,514,266,000. Capital World Investors raised its position in shares of ZoomInfo Technologies by 165.5% during the 3rd quarter. Capital World Investors now owns 20,663,839 shares of the company’s stock valued at $1,264,420,000 after buying an additional 12,879,724 shares in the last quarter. Morgan Stanley raised its position in shares of ZoomInfo Technologies by 59.9% during the 3rd quarter. Morgan Stanley now owns 17,928,216 shares of the company’s stock valued at $1,097,027,000 after buying an additional 6,718,367 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at about $323,777,000. Finally, BlackRock Inc. raised its position in shares of ZoomInfo Technologies by 46.4% during the 4th quarter. BlackRock Inc. now owns 14,094,526 shares of the company’s stock valued at $904,868,000 after buying an additional 4,464,210 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.
ZoomInfo Technologies Company Profile (Get Rating)
ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.
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