ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $8.50 at Citigroup

ZoomInfo Technologies (NASDAQ:ZI) had its price target boosted by analysts at Citigroup from $7.00 to $8.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s target price suggests a potential downside of 20.56% from the stock’s current price.

ZI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Barclays dropped their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Trading Up 1.6 %

NASDAQ:ZI traded up $0.17 during mid-day trading on Thursday, hitting $10.70. 6,721,642 shares of the company’s stock were exchanged, compared to its average volume of 6,924,681. The company has a 50 day simple moving average of $10.50 and a 200-day simple moving average of $11.36. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The firm has a market capitalization of $3.91 billion, a P/E ratio of 355.12, a PEG ratio of 8.00 and a beta of 1.03.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ZoomInfo Technologies by 7.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,091 shares of the company’s stock worth $641,000 after acquiring an additional 4,507 shares during the last quarter. FORA Capital LLC bought a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $134,000. Advantage Alpha Capital Partners LP increased its stake in ZoomInfo Technologies by 17.3% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company’s stock worth $3,618,000 after acquiring an additional 51,683 shares during the last quarter. Finally, FMR LLC increased its stake in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. 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.