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

ZoomInfo Technologies (NASDAQ:ZI) had its target price increased by stock analysts at Citigroup from $7.00 to $8.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s price target would suggest a potential downside of 16.91% from the stock’s previous close.

Several other research firms have also recently commented on ZI. Wells Fargo & Company cut their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus lowered their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Finally, Barclays reduced their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.84.

ZoomInfo Technologies Stock Performance

ZI opened at $10.23 on Thursday. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39. The firm has a market capitalization of $3.74 billion, a PE ratio of 340.67, a PEG ratio of 6.44 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $10.51 and its 200 day moving average price is $11.36.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ZI. 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 valued at $34,000 after purchasing an additional 2,388 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of ZoomInfo Technologies in the third quarter worth $31,000. Covestor Ltd increased its position in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at $37,000. Finally, GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares during the period. 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.