ZoomInfo Technologies (NASDAQ:ZI) Given New $11.00 Price Target at Piper Sandler

ZoomInfo Technologies (NASDAQ:ZI) had its price target raised by Piper Sandler from $10.00 to $11.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently commented on ZI. Citigroup reduced their price objective 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. Stifel Nicolaus lowered their price target on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. 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. Mizuho lowered their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Truist Financial dropped their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 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 assigned a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Stock Performance

ZI opened at $10.23 on Wednesday. The business’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $11.28. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 341.11, a P/E/G ratio of 6.41 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.97.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently modified their holdings of ZI. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $31,000. J.Safra Asset Management Corp boosted its holdings in shares of ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies in the third quarter worth about $37,000. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares in the last quarter. 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.