ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.84 Average Price Target from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.84.

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday. Stifel Nicolaus cut 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 note 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. KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, August 6th. Finally, Mizuho increased their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.35 during midday trading on Friday, reaching $10.23. 9,945,329 shares of the company were exchanged, compared to its average volume of 6,958,835. The company has a market cap of $3.74 billion, a P/E ratio of 340.67, a PEG ratio of 6.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39. The company's 50 day moving average price is $10.51 and its two-hundred day moving average price is $11.36.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ZI. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the third quarter worth about $31,000. J.Safra Asset Management Corp increased its holdings in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock worth $34,000 after purchasing an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $37,000. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 2,134 shares during the last quarter. Finally, Covestor Ltd raised its holdings 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 purchasing an additional 2,861 shares during the period. 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.