Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:ZI) PT at $11.50

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.50.

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

ZoomInfo Technologies Stock Up 2.0%

ZI stock opened at $6.49 on Thursday. The stock has a fifty day moving average of $9.03 and a 200-day moving average of $10.03. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 216.41, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fielder Capital Group LLC boosted its position in shares of ZoomInfo Technologies by 7.7% in the second quarter. Fielder Capital Group LLC now owns 13,406 shares of the company’s stock valued at $136,000 after acquiring an additional 959 shares during the period. True Wealth Design LLC boosted its holdings in ZoomInfo Technologies by 15.1% in the 3rd quarter. True Wealth Design LLC now owns 7,945 shares of the company’s stock valued at $87,000 after purchasing an additional 1,042 shares during the period. Securian Asset Management Inc. grew its position in shares of ZoomInfo Technologies by 6.1% during the 3rd quarter. Securian Asset Management Inc. now owns 20,999 shares of the company’s stock valued at $229,000 after purchasing an additional 1,211 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of ZoomInfo Technologies by 124.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $25,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of ZoomInfo Technologies by 5.6% in the second quarter. Lazard Asset Management LLC now owns 27,570 shares of the company’s stock worth $278,000 after purchasing an additional 1,452 shares during the period. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Company Profile

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.