ZoomInfo Technologies (NASDAQ:ZI) Stock Price Expected to Rise, Piper Sandler Analyst Says

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) had its price target hoisted by investment analysts at Piper Sandler from $10.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target suggests a potential upside of 4.46% from the stock's previous close.

A number of other research firms also recently issued reports on ZI. Daiwa Capital Markets downgraded ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and cut their price target for the company from $15.00 to $9.00 in a research note on Tuesday, August 13th. Stifel Nicolaus cut their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Truist Financial reduced their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Daiwa America cut shares of ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 13th. Finally, Bank of America lowered shares of ZoomInfo Technologies from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.76.

ZoomInfo Technologies Trading Down 19.5 %

NASDAQ ZI traded down $2.55 during trading hours on Wednesday, hitting $10.53. 35,464,795 shares of the company's stock were exchanged, compared to its average volume of 6,900,396. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $11.37. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 364.79, a PEG ratio of 8.00 and a beta of 1.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advantage Alpha Capital Partners LP boosted its position in shares of ZoomInfo Technologies by 17.3% during the third quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company's stock valued at $3,618,000 after buying an additional 51,683 shares during the last quarter. FMR LLC boosted its holdings in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ZoomInfo Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company's stock worth $22,642,000 after acquiring an additional 29,733 shares during the period. Pacer Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other 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.