ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Recommendation of “Hold” by Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.3750.

Separately, KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $5.83 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 194.40, a PEG ratio of 13.05 and a beta of 1.02. The firm’s 50 day simple moving average is $7.75 and its 200-day simple moving average is $9.56. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently modified their holdings of the business. LSV Asset Management increased its position in shares of ZoomInfo Technologies by 64.2% in the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock valued at $81,897,000 after buying an additional 2,936,229 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of ZoomInfo Technologies by 569.1% during the 3rd quarter. SG Americas Securities LLC now owns 138,053 shares of the company’s stock worth $1,506,000 after buying an additional 117,420 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its position in shares of ZoomInfo Technologies by 27.4% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,598,447 shares of the company’s stock valued at $39,259,000 after buying an additional 773,801 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in ZoomInfo Technologies by 81.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 545,083 shares of the company’s stock valued at $5,947,000 after acquiring an additional 244,092 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in ZoomInfo Technologies by 80.7% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 405,250 shares of the company’s stock valued at $4,421,000 after acquiring an additional 180,958 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About ZoomInfo Technologies

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.