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

ZoomInfo Technologies (NASDAQ:ZI) had its target price boosted by Piper Sandler from $10.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

ZI has been the subject of a number of other research reports. Bank of America cut ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their price target for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Citigroup lowered their price objective on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC dropped their target price on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Finally, Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Four 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.23 on Wednesday. The business’s fifty day moving average is $10.53 and its 200 day moving average is $11.28. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. The company has a market capitalization of $3.74 billion, a PE ratio of 341.11, a price-to-earnings-growth ratio of 6.41 and a beta of 1.03.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZI. Advisors Asset Management Inc. lifted its position in ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after buying an additional 2,275 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of ZoomInfo Technologies by 955.2% in the second 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 in the last quarter. Finally, KBC Group NV grew its holdings in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares during the period. 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.