ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $11.00

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

A number of other research analysts have also recently commented on ZI. Daiwa America cut ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. DA Davidson cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Stifel Nicolaus decreased their target price 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. Finally, Barclays lowered their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

ZI opened at $10.23 on Wednesday. The stock has a market cap of $3.74 billion, a PE ratio of 341.11, a price-to-earnings-growth ratio of 6.41 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $11.28. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in ZoomInfo Technologies by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after purchasing an additional 7,779 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in shares of ZoomInfo Technologies during the 1st quarter valued at $2,213,000. Covestor Ltd boosted its stake in shares of ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of ZoomInfo Technologies by 14.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock worth $8,260,000 after acquiring an additional 66,025 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in ZoomInfo Technologies during the first quarter valued at $201,000. 95.47% of the stock is 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.