ZoomInfo Technologies (NASDAQ:ZI) Trading Up 4.9% – Should You Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s share price rose 4.9% during trading on Monday . The stock traded as high as $2.88 and last traded at $2.81. Approximately 19,859,702 shares were traded during trading, an increase of 237% from the average daily volume of 5,888,070 shares. The stock had previously closed at $2.68.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ZI. UBS Group lowered ZoomInfo Technologies from an “underperform” rating to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group cut ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 price objective for the company. in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $6.00.

ZoomInfo Technologies Stock Up 2.3%

The company has a market cap of $927.61 million, a P/E ratio of 90.36, a PEG ratio of 13.05 and a beta of 1.02. 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 business’s 50 day moving average price is $4.41 and its 200-day moving average price is $6.66.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at $90,000. Cubist Systematic Strategies LLC acquired a new position in ZoomInfo Technologies during the 1st quarter worth about $111,000. Interchange Capital Partners LLC bought a new stake in ZoomInfo Technologies during the 3rd quarter worth about $114,000. Certuity LLC bought a new stake in ZoomInfo Technologies during the 3rd quarter worth about $129,000. Finally, Vise Technologies Inc. increased its position in ZoomInfo Technologies by 26.1% in the 3rd quarter. Vise Technologies Inc. now owns 13,006 shares of the company’s stock valued at $142,000 after acquiring an additional 2,690 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.