ZoomInfo Technologies (NASDAQ:ZI) Now Covered by Scotiabank

Equities research analysts at Scotiabank initiated coverage on shares of ZoomInfo Technologies (NASDAQ:ZI) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “sector perform” rating and a $10.30 price target on the stock. Scotiabank’s price objective would suggest a potential upside of 6.08% from the company’s previous close.

ZI has been the topic of a number of other reports. DA Davidson lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Barclays lowered their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Citigroup upped their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday. Finally, Piper Sandler upped their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded down $0.52 on Monday, reaching $9.71. The stock had a trading volume of 15,391,839 shares, compared to its average volume of 6,996,652. The company has a market capitalization of $3.55 billion, a P/E ratio of 323.77, a price-to-earnings-growth ratio of 6.20 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 company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $11.24.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. boosted its position in ZoomInfo Technologies by 38.7% during the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after buying an additional 2,585,631 shares during the period. State Street Corp boosted its position in ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after buying an additional 165,440 shares during the period. Marshall Wace LLP acquired a new stake in ZoomInfo Technologies during the 2nd quarter worth approximately $73,435,000. Finally, Maverick Capital Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $44,248,000. 95.47% of the stock is owned by 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.