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

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

A number of other equities analysts have also recently weighed in on ZI. Needham & Company LLC lowered their price target on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Daiwa Capital Markets cut shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays lowered their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company 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 issued a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Stock Down 3.3 %

NASDAQ ZI opened at $10.23 on Wednesday. The business’s fifty day simple moving average is $10.51 and its 200-day simple moving average 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. The firm has a market cap 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.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors have recently modified their holdings of ZI. FMR LLC boosted its stake in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after acquiring an additional 2,585,631 shares during the period. State Street Corp raised its stake in shares of ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after purchasing an additional 165,440 shares during the period. Marshall Wace LLP acquired a new position in shares of ZoomInfo Technologies during the second quarter worth $73,435,000. Finally, Maverick Capital Ltd. acquired a new stake in ZoomInfo Technologies during the 3rd quarter valued at $44,248,000. Hedge funds and other 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.