Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $11.31

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.3077.

Several research analysts recently issued reports on ZI shares. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Needham & Company LLC reaffirmed a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $16.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. increased its position in shares of ZoomInfo Technologies by 124.8% during the third quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $25,000 after acquiring an additional 1,260 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $27,000. Parallel Advisors LLC increased its position in shares of ZoomInfo Technologies by 143.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock valued at $32,000 after purchasing an additional 1,886 shares during the last quarter. Allworth Financial LP raised its stake in shares of ZoomInfo Technologies by 980.2% during the 2nd quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock worth $34,000 after purchasing an additional 3,019 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of ZoomInfo Technologies by 3,863.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock worth $45,000 after buying an additional 3,979 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.12 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $10.45. The company has a market capitalization of $3.46 billion, a P/E ratio of 337.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $13.39.

About ZoomInfo Technologies

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.