ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its price objective hoisted by Piper Sandler from $10.00 to $11.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

ZI has been the topic of a number of other reports. Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Stifel Nicolaus lowered their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Royal Bank of Canada cut their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Finally, Daiwa Capital Markets cut shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four equities research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $10.23 on Wednesday. The firm’s fifty day moving average is $10.51 and its two-hundred day moving average is $11.36. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. The company has a market cap of $3.74 billion, a P/E ratio of 340.67, a P/E/G ratio of 6.44 and a beta of 1.03.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently modified their holdings of the stock. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth about $31,000. J.Safra Asset Management Corp raised its holdings in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $37,000. GAMMA Investing LLC boosted its stake in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after purchasing an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors 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.