ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $12.84 Consensus Target Price from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the firm, MarketBeat Ratings 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 price objective among brokerages that have issued a report on the stock in the last year is $12.84.

ZI has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Barclays dropped their price target 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. Finally, Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.23 on Friday. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.97. The firm has a market capitalization of $3.74 billion, a PE ratio of 341.11, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The business has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $11.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. J.Safra Asset Management Corp increased its position 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 acquiring an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at $37,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 2,134 shares in the last quarter. Finally, Covestor Ltd increased its holdings 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 purchasing an additional 2,861 shares during the period. Hedge funds and other 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.