Research Analysts’ Weekly Ratings Changes for ZoomInfo Technologies (ZI)

A number of firms have modified their ratings and price targets on shares of ZoomInfo Technologies (NASDAQ: ZI) recently:

  • 2/8/2024 – ZoomInfo Technologies was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating. They now have a $13.00 price target on the stock, down previously from $20.00.
  • 2/7/2024 – ZoomInfo Technologies is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $20.00 price target on the stock.
  • 2/1/2024 – ZoomInfo Technologies was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $20.00 price target on the stock, down previously from $24.00.
  • 1/29/2024 – ZoomInfo Technologies was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock, up previously from $20.00.
  • 1/12/2024 – ZoomInfo Technologies was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $18.00 price target on the stock.
  • 1/8/2024 – ZoomInfo Technologies was downgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating. They now have a $14.00 price target on the stock, down previously from $16.00.
  • 1/2/2024 – ZoomInfo Technologies had its price target raised by analysts at Piper Sandler from $20.00 to $23.00. They now have an “overweight” rating on the stock.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded up $0.63 during mid-day trading on Monday, reaching $16.02. The company had a trading volume of 17,454,708 shares, compared to its average volume of 7,530,837. ZoomInfo Technologies Inc. has a 1 year low of $12.36 and a 1 year high of $30.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $6.24 billion, a P/E ratio of 47.12, a P/E/G ratio of 3.38 and a beta of 1.17. The stock’s 50-day simple moving average is $16.58 and its 200-day simple moving average is $16.57.

Insider Activity

In other news, CTO Ali Dasdan sold 5,007 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $14.69, for a total value of $73,552.83. Following the sale, the chief technology officer now directly owns 50,953 shares in the company, valued at $748,499.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 84.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,910 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Comerica Bank acquired a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at $42,000. Finally, GAMMA Investing LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 89.59% of the company’s stock.

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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