ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $11.50 Average PT from Brokerages

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.50.

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

ZoomInfo Technologies Stock Up 1.0%

ZoomInfo Technologies stock opened at $6.36 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $13.39. The company has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $10.12. The firm has a market capitalization of $2.18 billion, a P/E ratio of 212.07, a P/E/G ratio of 13.05 and a beta of 1.02.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors have recently made changes to their positions in ZI. Hantz Financial Services Inc. raised its holdings in ZoomInfo Technologies by 124.8% during the third quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock worth $25,000 after purchasing an additional 1,260 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $27,000. Allworth Financial LP raised its stake in shares of ZoomInfo Technologies by 980.2% in the 2nd quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock worth $34,000 after buying an additional 3,019 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of ZoomInfo Technologies by 3,863.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock worth $45,000 after buying an additional 3,979 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of ZoomInfo Technologies by 1,202.5% in the second quarter. True Wealth Design LLC now owns 6,903 shares of the company’s stock valued at $70,000 after buying an additional 6,373 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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.