ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.84 Consensus PT from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have earned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.84.

A number of research analysts have recently issued reports on the company. Daiwa America downgraded ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. DA Davidson lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $9.50 in a research report on Tuesday, August 6th. Piper Sandler lifted their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $31,000. J.Safra Asset Management Corp raised its stake in ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at $37,000. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Covestor Ltd boosted its stake in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after purchasing an additional 2,861 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

ZI opened at $10.23 on Friday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 341.11, a PEG ratio of 6.20 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The business’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $11.24.

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.