ZoomInfo Technologies' (ZI) "Buy" Rating Reaffirmed at Needham & Company LLC

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $15.00 price objective on the stock. Needham & Company LLC's target price suggests a potential upside of 42.45% from the stock's previous close.

A number of other research analysts have also issued reports on ZI. KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Citigroup dropped their target price on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an "underperform" rating on the stock in a research note 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, the company presently has a consensus rating of "Hold" and a consensus target price of $12.76.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded down $2.55 during trading hours on Wednesday, hitting $10.53. The stock had a trading volume of 36,936,508 shares, compared to its average volume of 6,926,524. The stock's fifty day simple moving average is $10.49 and its 200 day simple moving average is $11.37. The firm 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently made changes to their positions in ZI. Raleigh Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $31,000. J.Safra Asset Management Corp increased its holdings in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock worth $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC grew 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 worth $41,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Covestor Ltd grew its position 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 during the last quarter. Institutional investors and hedge funds 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.