Wells Fargo & Company Maintains Equal Weight Rating for ZoomInfo Technologies

On January 8th, 2025, Wells Fargo & Company reaffirmed their equal weight rating on the shares of ZoomInfo Technologies, traded on NASDAQ under the ticker ZI. This announcement was highlighted in a research note released on Tuesday. Currently, they have set a price target of $11.00 for the stock, which is a decrease from the previous target of $14.00.

Other analysts have also shared their perspectives on ZoomInfo Technologies. On Monday, Piper Sandler reinforced an “underweight” rating and lowered their price target for the company to $10.00, down from $11.00. Meanwhile, on December 6th, Barclays increased their price target from $11.00 to $12.00, while maintaining an “equal weight” rating. Additionally, Citigroup raised their price target from $7.00 to $8.50, issuing a “sell” rating on November 14th. Conversely, Needham & Company LLC reaffirmed a “buy” rating and set a target price of $15.00 on November 13th. Mizuho also increased their price target from $9.00 to $11.00, with a “neutral” rating. Overall, six analysts have assigned sell ratings, twelve have recommended holding onto the stock, and four have given it a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.57.

ZoomInfo Technologies Stock Performance

The shares of ZI opened at $10.14 on Tuesday. The company shows a current ratio of 0.63, and a quick ratio of 0.63, with a debt-to-equity ratio of 0.73. The stock has seen a 12-month low of $7.65 and a high of $18.69. ZoomInfo Technologies boasts a market capitalization of $3.48 billion, a P/E ratio of 338.11, a PEG ratio of 13.58, and a beta of 1.01. The fifty-day moving average price is $10.88, while the 200-day moving average is $10.65.

Insider Activity

Recently, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies on December 3rd, for a sale price of $11.06 per share, totaling approximately $3.2 million. Following this transaction, he retains 1,266,807 shares valued at around $14 million, showing an 18.66% decrease in his ownership. This sale was disclosed in public filings with the Securities & Exchange Commission. Furthermore, on November 15th, CEO Henry Schuck bought 492,500 shares at an average price of $10.25 per share, amounting to about $5 million. This purchase increased his ownership by 4.18%, bringing his total shares owned to over 12.2 million, valued at about $126 million. Insider ownership in the company stands at 8.10%.

Institutional Inflows and Outflows

In recent trading, hedge funds have been active in buying and selling shares of ZoomInfo Technologies. For instance, CIBC Asset Management Inc. purchased a new stake in the second quarter worth around $137,000. Victory Capital Management Inc. raised their holdings by 47.2% during the same quarter, owning 89,253 shares valued at approximately $1.14 million. Acadian Asset Management LLC also bought a new stake, valued at $987,000. Quest Partners LLC saw a lift in their holdings by 106.1% during the second quarter. Hedge funds and other institutional investors now hold 95.47% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, along with its subsidiaries, provides a platform for go-to-market intelligence and engagement, serving sales and marketing teams in the United States and globally. The firm’s cloud-based platform delivers information about organizations and professionals, aiding users in identifying target customers, acquiring updated predictive lead and company scores, and tracking buying signals, among other features.

Wells Fargo, ZoomInfo, Stock