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

ZoomInfo Technologies (NASDAQ:ZI) had its target price upped by Mizuho from $9.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Raymond James downgraded ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Truist Financial reduced their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Piper Sandler upped their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Daiwa America lowered shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.76.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.53 on Wednesday. The business has a 50-day moving average of $10.49 and a 200-day moving average of $11.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 351.12, a price-to-earnings-growth ratio of 8.00 and a beta of 1.03. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp raised its position 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 purchasing an additional 2,388 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth $31,000. Covestor Ltd boosted its position in shares of ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies in the third quarter worth $37,000. Finally, GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares in 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.