ZoomInfo Technologies (NASDAQ:ZI) Earns “Buy” Rating from Needham & Company LLC

ZoomInfo Technologies (NASDAQ:ZI)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $15.00 target price on the stock. Needham & Company LLC’s price target would indicate a potential upside of 41.78% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus decreased their price target 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. Wells Fargo & Company lowered 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 note on Tuesday, August 6th. Truist Financial cut their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Mizuho decreased their price target on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies presently 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 business’s fifty day moving average is $10.50 and its 200 day moving average is $11.36. The firm 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. 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 52-week low of $7.65 and a 52-week high of $19.39.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $31,000. J.Safra Asset Management Corp grew its holdings 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 worth $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the third quarter worth $37,000. GAMMA Investing LLC raised 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 valued at $41,000 after buying an additional 2,134 shares during the last quarter. Finally, Covestor Ltd boosted 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 buying an additional 2,861 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.