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

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

Several other equities analysts also recently commented on ZI. Truist Financial cut their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Barclays lowered their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. KeyCorp cut ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Finally, Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Trading Up 1.6 %

ZoomInfo Technologies stock traded up $0.17 during mid-day trading on Thursday, hitting $10.70. The company’s stock had a trading volume of 6,721,642 shares, compared to its average volume of 6,924,681. The company has a 50 day moving average of $10.50 and a 200-day moving average of $11.36. The stock has a market cap of $3.91 billion, a PE ratio of 355.12, a P/E/G ratio of 8.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after buying an additional 1,547 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 2,134 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after acquiring an additional 2,275 shares during the last quarter. J.Safra Asset Management Corp boosted its stake 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 worth $34,000 after acquiring an additional 2,388 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares during the last quarter. 95.47% of the stock is currently 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.