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

ZoomInfo Technologies (NASDAQ:ZI) had its price target increased by Citigroup from $7.00 to $8.50 in a research note published on Thursday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other research analysts have also recently issued reports on ZI. KeyCorp cut ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Wells Fargo & Company dropped their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Bank of America cut ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

Shares of NASDAQ:ZI opened at $10.23 on Thursday. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The stock has a market cap of $3.74 billion, a P/E ratio of 341.11, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The business’s 50 day moving average is $10.53 and its 200 day moving average is $11.24. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of ZoomInfo Technologies by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after buying an additional 7,779 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of ZoomInfo Technologies in the 1st quarter valued at about $2,213,000. Covestor Ltd lifted its holdings in shares of ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of ZoomInfo Technologies by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock valued at $8,260,000 after buying an additional 66,025 shares during the period. Finally, Shell Asset Management Co. acquired a new position in ZoomInfo Technologies in the 1st quarter worth about $201,000. Hedge funds and other institutional investors 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.