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

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

Other research analysts have also issued research reports about the company. KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a report on Tuesday, August 6th. Raymond James cut shares of ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Barclays reduced their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, August 6th. Finally, DA Davidson downgraded 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 research report on Tuesday, August 6th. Four research 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 data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Hold" and a consensus price target of $12.76.

ZoomInfo Technologies Price Performance

ZI traded down $2.55 during midday trading on Wednesday, hitting $10.53. 36,936,508 shares of the company traded hands, compared to its average volume of 6,926,524. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 364.79, a PEG ratio of 8.00 and a beta of 1.03. The business has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $11.37. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth about $31,000. J.Safra Asset Management Corp boosted its stake 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $37,000. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock worth $41,000 after buying an additional 2,134 shares during the last quarter. Finally, Covestor Ltd grew its holdings in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company's stock worth $54,000 after acquiring an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.