RBC Capital Sticks to Its Buy Rating for ZoomInfo Technologies (ZI)

In a report issued on August 1, Rishi Jaluria from RBC Capital maintained a Buy rating on ZoomInfo Technologies (ZIResearch Report), with a price target of $60.00. The company’s shares closed last Wednesday at $44.78.

According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 1.4% and a 47.0% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ZoomInfo Technologies with a $61.33 average price target, representing a 44.1% upside. In a report issued on July 18, Barclays also maintained a Buy rating on the stock with a $50.00 price target.

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ZoomInfo Technologies’ market cap is currently $16.93B and has a P/E ratio of 161.49.

Based on the recent corporate insider activity of 425 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ZoomInfo Technologies Inc provides a cloud-based platform for sales and marketing teams. It provides information on the organizations and professionals of the target company. The services provided are contact & company search, buyer intent, social selling, web research, website visitor tracking, lead enrichment, database management, campaign optimization, webform optimizations, and others. Geographically, the company has its presence across the United States.

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