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

ZoomInfo Technologies (NASDAQ:ZI) had its price target boosted by equities research analysts at Citigroup from $7.00 to $8.50 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s price objective would indicate a potential downside of 16.91% from the company’s previous close.

A number of other brokerages have also recently commented on ZI. Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Trading Down 3.3 %

NASDAQ:ZI opened at $10.23 on Thursday. The company has a market capitalization of $3.74 billion, a PE ratio of 340.67, a P/E/G ratio of 6.44 and a beta of 1.03. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39. The stock’s 50 day moving average price is $10.51 and its 200 day moving average price is $11.36. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of ZoomInfo Technologies by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after buying an additional 7,779 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of ZoomInfo Technologies in the 1st quarter worth approximately $2,213,000. Covestor Ltd boosted 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 during the period. CANADA LIFE ASSURANCE Co boosted its stake in ZoomInfo Technologies by 14.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock valued at $8,260,000 after purchasing an additional 66,025 shares during the period. Finally, Shell Asset Management Co. bought a new position in ZoomInfo Technologies in the 1st quarter worth approximately $201,000. Institutional investors and hedge funds 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.