Mizuho Forecasts Strong Price Appreciation for ZoomInfo Technologies (NASDAQ:ZI) Stock

ZoomInfo Technologies (NASDAQ:ZI) had its target price hoisted by Mizuho from $9.00 to $11.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and reduced their price target for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $10.23 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The firm’s 50 day moving average price is $10.51 and its two-hundred day moving average price is $11.36. The stock has a market cap of $3.74 billion, a PE ratio of 340.67, a PEG ratio of 6.44 and a beta of 1.03.

Institutional Trading of ZoomInfo Technologies

Several institutional investors and hedge funds have recently modified their holdings of ZI. Boston Partners purchased a new position in ZoomInfo Technologies in the first quarter valued at approximately $613,000. Janus Henderson Group PLC grew its holdings in shares of ZoomInfo Technologies by 7.1% in the first 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 during the last quarter. Janney Montgomery Scott LLC grew its position 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 worth $520,000 after buying an additional 7,779 shares during the last quarter. M&G Plc bought a new position in ZoomInfo Technologies in the second quarter worth about $9,534,000. Finally, Tidal Investments LLC purchased a new stake in shares of ZoomInfo Technologies in the 1st quarter worth about $2,113,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.