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

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $15.00 price objective on the stock. Needham & Company LLC’s price target would indicate a potential upside of 41.78% from the company’s current price.

Several other brokerages have also commented on ZI. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup decreased their price target on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Truist Financial cut their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus decreased their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.84.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.58 on Wednesday. The business has a 50 day moving average of $10.50 and a 200 day moving average of $11.36. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $19.39. The company has a market cap of $3.86 billion, a PE ratio of 355.12, a P/E/G ratio of 8.00 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZI. Raleigh Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at approximately $31,000. J.Safra Asset Management Corp lifted its position 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 acquiring an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the 3rd quarter valued at $37,000. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of ZoomInfo Technologies by 598.5% in the first 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. 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.