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

ZoomInfo Technologies (NASDAQ:ZI) had its price objective raised by Citigroup from $7.00 to $8.50 in a research note released on Thursday,Benzinga reports. They currently have a sell rating on the stock.

ZI has been the subject of a number of other reports. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price target for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday. Mizuho lifted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Barclays reduced their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company 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 given a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and an average price target of $12.84.

ZoomInfo Technologies Trading Down 3.3 %

Shares of NASDAQ ZI opened at $10.23 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The business has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.28. The firm has a market capitalization of $3.74 billion, a PE ratio of 341.11, a PEG ratio of 6.41 and a beta of 1.03.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of ZI. Boston Partners acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at $613,000. Janus Henderson Group PLC lifted its position in shares of ZoomInfo Technologies by 7.1% during the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after buying an additional 17,193 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after buying an additional 7,779 shares in the last quarter. M&G Plc bought a new position in ZoomInfo Technologies in the second quarter valued at about $9,534,000. Finally, Tidal Investments LLC bought a new position in ZoomInfo Technologies in the first quarter valued at about $2,113,000. 95.47% of the stock is owned by 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.