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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.50.

A number of brokerages recently issued reports on ZI. KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada reissued an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. Fielder Capital Group LLC lifted its stake in shares of ZoomInfo Technologies by 7.7% in the 2nd quarter. Fielder Capital Group LLC now owns 13,406 shares of the company’s stock worth $136,000 after purchasing an additional 959 shares during the period. True Wealth Design LLC raised its position in ZoomInfo Technologies by 15.1% in the third quarter. True Wealth Design LLC now owns 7,945 shares of the company’s stock worth $87,000 after acquiring an additional 1,042 shares during the period. Securian Asset Management Inc. boosted its stake in shares of ZoomInfo Technologies by 6.1% during the 3rd quarter. Securian Asset Management Inc. now owns 20,999 shares of the company’s stock worth $229,000 after acquiring an additional 1,211 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of ZoomInfo Technologies by 124.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $25,000 after acquiring an additional 1,260 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of ZoomInfo Technologies by 5.6% in the 2nd quarter. Lazard Asset Management LLC now owns 27,570 shares of the company’s stock worth $278,000 after purchasing an additional 1,452 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

ZI opened at $6.63 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 221.07, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a fifty day simple moving average of $9.39 and a two-hundred day simple moving average of $10.19. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39.

ZoomInfo Technologies Company Profile

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.