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

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

A number of other research firms also recently weighed in on ZI. Daiwa America downgraded ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday. DA Davidson lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Piper Sandler boosted their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada decreased their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.76.

ZoomInfo Technologies Trading Down 19.5 %

Shares of ZoomInfo Technologies stock opened at $10.53 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The firm has a market cap of $3.85 billion, a PE ratio of 351.12, a PEG ratio of 8.00 and a beta of 1.03. The company has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $11.37.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently bought and sold shares of the company. J.Safra Asset Management Corp lifted its stake in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the period. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies during the third quarter valued at $31,000. Covestor Ltd grew its position 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 period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth about $37,000. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 2,134 shares during the period. 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.