ZoomInfo Technologies (NASDAQ:ZI) Given New $11.00 Price Target at Piper Sandler

ZoomInfo Technologies (NASDAQ:ZI) had its price objective upped by Piper Sandler from $10.00 to $11.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently issued reports 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 report on Tuesday, August 6th. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Finally, Barclays dropped their price target 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.76.

ZoomInfo Technologies Stock Down 19.5 %

ZoomInfo Technologies stock opened at $10.53 on Wednesday. The company has a market capitalization of $3.85 billion, a PE ratio of 351.12, a price-to-earnings-growth 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 fifty-two week low of $7.65 and a fifty-two week high of $19.39. The firm has a 50 day moving average price of $10.49 and a 200 day moving average price of $11.37.

Institutional Investors Weigh In On ZoomInfo Technologies

Large investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in ZoomInfo Technologies in the 1st quarter valued at approximately $613,000. Janus Henderson Group PLC grew its holdings in ZoomInfo Technologies by 7.1% during the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after acquiring an additional 17,193 shares during the period. Janney Montgomery Scott LLC raised its position in ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock worth $520,000 after acquiring an additional 7,779 shares in the last quarter. M&G Plc acquired a new stake in ZoomInfo Technologies in the second quarter valued at $9,534,000. Finally, Tidal Investments LLC purchased a new stake in shares of ZoomInfo Technologies during the 1st quarter worth $2,113,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.