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

ZoomInfo Technologies (NASDAQ:ZI) had its price target upped by Mizuho from $9.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other analysts have also weighed in on ZI. Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and reduced their target price for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. KeyCorp lowered shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Finally, Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating 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 MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.23 on Wednesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 340.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.97. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The business has a 50 day simple moving average of $10.51 and a 200 day simple moving average of $11.36.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp lifted 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 period. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies during the 3rd quarter valued at about $31,000. Covestor Ltd grew its stake in 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 buying an additional 2,861 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $37,000. Finally, GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Company Profile

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.