Mizuho Raises ZoomInfo Technologies (NASDAQ:ZI) Price Target to $11.00

ZoomInfo Technologies (NASDAQ:ZI) had its price target increased by analysts at Mizuho from $9.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 3.97% from the company’s current price.

A number of other equities research analysts also recently issued reports on ZI. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their target price 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. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Stifel Nicolaus decreased their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Citigroup lowered their price objective on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Four research 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. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $12.84.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.58 on Wednesday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 355.12, a PEG ratio of 8.00 and a beta of 1.03. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The stock’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $11.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies during the third quarter worth approximately $31,000. J.Safra Asset Management Corp grew its stake in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies in the third quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after purchasing an additional 2,134 shares during the period. Finally, Covestor Ltd raised its position in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after purchasing an additional 2,861 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.