ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Sandler in a research note issued on Tuesday, Benzinga reports.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of ZoomInfo Technologies from $45.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday. Mizuho increased their price target on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of ZoomInfo Technologies from $55.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James raised their price objective on shares of ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Stephens reiterated a “buy” rating and issued a $60.00 price target on shares of ZoomInfo Technologies in a report on Monday, January 25th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $57.71.
NASDAQ ZI traded up $3.18 during trading on Tuesday, hitting $54.50. 32,477 shares of the company’s stock traded hands, compared to its average volume of 2,182,519. The stock has a fifty day moving average of $50.16 and a two-hundred day moving average of $43.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.57 and a current ratio of 1.57. ZoomInfo Technologies has a 12-month low of $30.83 and a 12-month high of $64.40.
In related news, major shareholder 22C Capital Gp I, L.L.C sold 1,210,277 shares of the stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $43.88, for a total transaction of $53,106,954.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd Crockett sold 126,641 shares of the stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $58.13, for a total transaction of $7,361,641.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,249,591 shares of company stock worth $258,463,216.
Hedge funds have recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. bought a new stake in ZoomInfo Technologies in the fourth quarter valued at $29,000. NewSquare Capital LLC bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at about $28,000. Ancora Advisors LLC acquired a new position in ZoomInfo Technologies during the fourth quarter worth about $48,000. IFP Advisors Inc grew its holdings in ZoomInfo Technologies by 3,232.5% during the fourth quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock worth $64,000 after acquiring an additional 1,293 shares during the period. Finally, Regent Peak Wealth Advisors LLC acquired a new position in ZoomInfo Technologies during the fourth quarter worth about $69,000.
About ZoomInfo Technologies
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 target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.
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