Needham & Company LLC Reiterates Buy Rating for ZoomInfo Technologies (NASDAQ:ZI)

Needham & Company LLC reaffirmed their buy rating on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research report released on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $15.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Mizuho reduced their price objective on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays reduced their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their target price for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Finally, Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

Shares of NASDAQ ZI opened at $10.23 on Wednesday. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The firm has a market cap of $3.74 billion, a PE ratio of 340.67, a P/E/G ratio of 6.44 and a beta of 1.03. The company’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $11.36. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. FMR LLC grew its stake in shares of ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 38.7% during the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after acquiring an additional 2,585,631 shares during the period. State Street Corp grew its position in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after acquiring an additional 165,440 shares in the last quarter. Marshall Wace LLP purchased a new stake in ZoomInfo Technologies during the second quarter worth about $73,435,000. Finally, Maverick Capital Ltd. purchased a new stake in ZoomInfo Technologies during the third quarter worth about $44,248,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.