ZoomInfo Technologies (NASDAQ:ZI) Earns “Buy” Rating from Needham & Company LLC

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

Other analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research 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 report on Tuesday, August 6th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays reduced their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada reduced 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 note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

ZI stock opened at $10.23 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.97. The firm has a market capitalization of $3.74 billion, a P/E ratio of 341.11, a P/E/G ratio of 6.41 and a beta of 1.03. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The company’s 50 day simple moving average is $10.53 and its 200-day simple moving average is $11.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners acquired a new stake in ZoomInfo Technologies in the first quarter valued at $613,000. Janus Henderson Group PLC increased its position in ZoomInfo Technologies by 7.1% during the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after purchasing an additional 17,193 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in ZoomInfo Technologies by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock worth $520,000 after purchasing an additional 7,779 shares in the last quarter. M&G Plc bought a new position in shares of ZoomInfo Technologies during the second quarter valued at $9,534,000. Finally, Tidal Investments LLC bought a new position in shares of ZoomInfo Technologies during the first quarter worth about $2,113,000. 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.