ZoomInfo Technologies (NASDAQ:ZI) Now Covered by Scotiabank

Scotiabank initiated coverage on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research note issued on Monday,Benzinga reports. The firm set a “sector perform” rating and a $10.30 price target on the stock. Scotiabank’s target price would suggest a potential upside of 6.08% from the company’s previous close.

Other research analysts also recently issued reports about the company. Citigroup boosted their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Finally, Barclays lowered their price objective 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. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.72.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded down $0.52 during midday trading on Monday, reaching $9.71. 15,391,839 shares of the company traded hands, compared to its average volume of 6,996,652. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The firm has a market cap of $3.55 billion, a PE ratio of 323.77, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The firm’s 50 day simple moving average is $10.53 and its two-hundred day simple moving average is $11.24.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at $613,000. Janus Henderson Group PLC increased its holdings in shares of ZoomInfo Technologies by 7.1% during the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after purchasing an additional 17,193 shares during the period. Janney Montgomery Scott LLC increased its stake in ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after acquiring an additional 7,779 shares during the period. M&G Plc bought a new stake in ZoomInfo Technologies in the second quarter valued at about $9,534,000. Finally, Tidal Investments LLC bought a new stake in ZoomInfo Technologies in the first quarter valued at about $2,113,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.