ZoomInfo Technologies (NASDAQ:ZI) Coverage Initiated at Scotiabank

Analysts at Scotiabank began coverage on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “sector perform” rating and a $10.30 price target on the stock. Scotiabank’s target price points to a potential upside of 4.04% from the company’s current price.

A number of other research analysts have also issued reports on ZI. Wells Fargo & Company reduced their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. DA Davidson lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Truist Financial cut their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $9.90 on Monday. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 330.00, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $10.53 and its two-hundred day moving average is $11.15. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction on Friday, November 15th. The stock was bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.20% of the stock is currently owned by insiders.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently bought and sold shares of ZI. Raleigh Capital Management Inc. acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $31,000. J.Safra Asset Management Corp grew its position in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $37,000. GAMMA Investing LLC grew its position 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, Covestor Ltd grew its position in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares in the last quarter. Institutional investors and hedge funds 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.