Analysts Set ZoomInfo Technologies Inc. (NASDAQ:ZI) Price Target at $10.38

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.3750.

Separately, KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZI. Baird Financial Group Inc. increased its stake in shares of ZoomInfo Technologies by 32.7% in the 1st quarter. Baird Financial Group Inc. now owns 25,286 shares of the company’s stock worth $253,000 after purchasing an additional 6,235 shares in the last quarter. Royal Bank of Canada grew its holdings in ZoomInfo Technologies by 3,837.2% during the first quarter. Royal Bank of Canada now owns 290,131 shares of the company’s stock valued at $2,902,000 after purchasing an additional 282,762 shares during the period. Cubist Systematic Strategies LLC bought a new stake in ZoomInfo Technologies during the first quarter valued at about $111,000. Goldman Sachs Group Inc. increased its position in ZoomInfo Technologies by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 607,625 shares of the company’s stock worth $6,076,000 after buying an additional 64,109 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of ZoomInfo Technologies in the first quarter worth about $187,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 2.9%

ZI stock opened at $6.31 on Monday. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The business’s 50-day moving average is $7.91 and its two-hundred day moving average is $9.63. 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 company has a market cap of $2.16 billion, a price-to-earnings ratio of 210.40, a P/E/G ratio of 13.05 and a beta of 1.02.

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.