Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Target Price at $11.31

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.3077.

A number of brokerages have recently commented on ZI. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $8.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently added to or reduced their stakes in the business. Glenview Capital Management LLC raised its position in shares of ZoomInfo Technologies by 28.1% in the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock valued at $165,780,000 after purchasing an additional 3,594,599 shares during the period. Dimensional Fund Advisors LP grew its stake in ZoomInfo Technologies by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,488,498 shares of the company’s stock valued at $114,449,000 after buying an additional 1,241,776 shares during the last quarter. AQR Capital Management LLC raised its holdings in ZoomInfo Technologies by 88.6% in the 2nd quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock valued at $103,199,000 after acquiring an additional 4,789,566 shares during the period. State Street Corp lifted its position in ZoomInfo Technologies by 1.5% during the second quarter. State Street Corp now owns 8,703,692 shares of the company’s stock worth $88,081,000 after acquiring an additional 129,548 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of ZoomInfo Technologies by 64.2% during the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock worth $81,897,000 after acquiring an additional 2,936,229 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $9.92 on Friday. The stock has a market capitalization of $3.40 billion, a PE ratio of 330.78, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

About ZoomInfo Technologies

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.