Citigroup Issues Positive Forecast for ZoomInfo Technologies (NASDAQ:ZI) Stock Price

ZoomInfo Technologies (NASDAQ:ZI) had its target price hoisted by Citigroup from $7.00 to $8.50 in a report released on Thursday,Benzinga reports. The firm currently has a sell rating on the stock.

Several other research firms have also commented on ZI. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Truist Financial reduced their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

NASDAQ:ZI opened at $10.23 on Thursday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 341.11, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $19.39. The stock’s fifty day moving average is $10.53 and its two-hundred day moving average is $11.24.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. FMR LLC grew its stake in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the period. Pacer Advisors Inc. grew its stake in ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after acquiring an additional 6,611,160 shares during the period. Marshall Wace LLP purchased a new stake in ZoomInfo Technologies in the 2nd quarter worth approximately $73,435,000. Maverick Capital Ltd. purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $44,248,000. Finally, Delta Global Management LP grew its stake in ZoomInfo Technologies by 280.1% in the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after acquiring an additional 1,911,221 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.