ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $8.50

ZoomInfo Technologies (NASDAQ:ZI) had its target price raised 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.

ZI has been the subject of a number of other research reports. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday. Daiwa Capital Markets downgraded 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 report on Tuesday, August 13th. Royal Bank of Canada decreased their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Truist Financial dropped their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

ZI stock opened at $10.23 on Thursday. The firm has a market cap of $3.74 billion, a PE ratio of 341.11, a PEG ratio of 6.41 and a beta of 1.03. ZoomInfo Technologies has a one year low of $7.65 and a one year 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 firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $11.28.

Institutional Trading of ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in ZoomInfo Technologies by 27.7% in the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after buying an additional 2,585,631 shares in the last quarter. State Street Corp grew its position in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after buying an additional 165,440 shares during the last quarter. Marshall Wace LLP bought a new position in shares of ZoomInfo Technologies in the second quarter valued at $73,435,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $44,248,000. 95.47% of the stock is currently owned by institutional investors.

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.